INITSPLC Declares N83.8m Loss in 2020 Audited Results, (SP:N0.57k)

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Wednesday March 31,  202/ 05:21 PM / NSE / Header Image Credit: The Initiates


The Initiates Plc released its 2020 Audited results for the period ended December 31st, 2020.


Key Highlights

  • Revenue declined by -14.7% to N469m from N550m in the previous quarter.

  • Loss before tax stood at N5.7m.

  • Loss after tax stood at N83.8m.

  • Net Assets declined by -9% from N928m to N844m.


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