Tantalizers Plc has released its financial statements for the year ended 2019. The financial statement demonstrates poor performance across most financial indicators. The breakdown of the report is shown below:

Revenue: Tantalizers Plc generated N1.2 billion in revenue as at December 2019, compared to N1.5 billion recorded at the end of the 12 month period of 2018. This represents a reduction in revenue of 17%.

Gross Profit: As at December 2019, the firm recorded N534.9 million in gross profit, down from N629.4 million recorded at the end of December 2018, representing another reduction in revenue of 15%.

Profit Before Tax: As at the fourth quarter of December 2019, the fast-food company recorded N33.4 million as profit before tax, down from N96 million recorded by the firm as profit before tax at the end of December 2018. This represents a decline of 65.1%.

Profit After Tax: Tantalizers Plc recorded a profit after tax of N22.1 million for the 12-month period of 2019, lower than the N86.2 million profit after tax recorded at the end of December 2018, representing a 74.2% reduction in profit after tax.

Earnings Per Share: The group's Earnings Per Share stood at 1kobo for full-year 2019 compared to 3 kobo recorded at the end of December 2018.