INITSPLC Declares N14.10m Loss in Q2 2020 Results, (SP:N0.70k)


Thursday, July 30, 2020 / 10:22 AM / By NSE / Header Image Credit: The Initiates Plc

The Initiates Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

Key Highlights

  • Revenue declined by -7.7% to N246.35m from N266.99m in the previous quarter.

  • Profit before tax declined by -119.9% to N10.73m.

  • Profit after tax declined by -231.8% to N14.10m.

  • Net Assets declined by -2.8% from N882m to N857.39m.

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