REDSTAREX Releases 2019 Audited and Q1 2020 Results; Declares N225m Loss in Q1, (SP:N3.85k)

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Monday, August 31, 2020 / 3:49 PM / By NSE / Header Image Credit: Red Star Express


Red Star Express Plc released its Q1 2020 Unaudited results for the period ended June 30th, 2020.


Key Highlights

  • Revenue declined by -43.8% to N1.4bn from N2.5bn in the previous quarter.

  • Loss before tax stood at N218m.

  • Loss after tax stood at N225m.

  • Net Assets declined by -5.1% from N4.4bn to N4.2bn.

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