Net (decrease)/increase in cash and cash equivalents
(91,532)
Cash and cash equivalents at the beginning of the Quarter
597,825
Cash and cash equivalents at the end of the period
506,293
RED STAR EXPRESS PLC
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FORECAST
FOR THE THIRD QUARTER (OCTOBER 2023 - DECEMBER 2023)
N'000
Turnover
3,611,306
Cost of sales
(2,591,303)
Gross Profit
1,020,003
Other income
2,131
Interest and similar charges
(6,101)
Administrative expenses
(825,473)
Total Operating Expenses
(829,443)
Profit Before Tax
190,560
Estimated income tax
(60,979)
Profit After Tax
129,581
VALENTINE ONYIBO
Auwalu Babura
CHIEF FINANCIAL OFFICER (CFO)
Group Managing Director
FRC/2013/ICAN/00000003908
FRC/2016/ICAN/00000014402
RED STAR EXPRESS PLC
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME FORCAST
FOR THE THIRD QUARTER (OCTOBER 2023 - DECEMBER 2023)
N'000
Turnover
3,611,306
Cost of sales
(2,591,303)
Gross profit
1,020,003
Marketing, Distribution &
Administrative expenses
(825,473)
Other Income
2,131
Interest Income
Interest Payable & Similar Charges
(6,101)
Profit/Loss Before Tax
190,560
Forecast Taxation
(60,979)
VALENTINE ONYIBO
Auwalu Babura
CHIEF FINANCIAL OFFICER (CFO)
Group Managing Director
FRC/2013/ICAN/00000003908
FRC/2016/ICAN/00000014402
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Disclaimer
Red Star Express plc published this content on 11 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2023 10:46:05 UTC.
Red Star Express Plc specializes in transport and logistics services. Net sales break down by activity as follows:
- mails and documents transport and delivery (56.3%);
- logistics services (14.8%): freight handling and warehousing services;
- freight express transport (13.5%);
- mail management services (10.1%);
- support services (5.3%).
Nigeria accounts for 96.9% of net sales.