CAP finance cost triples

The Chemical and Allied Products Plc saw its finance costs ballooned by  362.97 per cent to N 155.35m in 2023 from N33.55m, driven by interest on borrowings, which rose by 377.27 per cent. Interest on borrowings went up N153.92m from N32.25m in 2022. Despite the significant rise in the firm’s finance cost, it improved profit

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