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Home Opinions Blurb

Earnings Analysis 2013 H1: Secure Electronics IT Can’t Sell Enough Tickets

Nairametrics by Nairametrics
August 28, 2013
in Blurb
Earnings Analysis 2013 H1: Secure Electronics IT Can’t Sell Enough Tickets
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Secure IT Electronics released its 2013 H1 results with revenues increasing 31% to N2.7billion (2012 H1: N2billion). Gross profit also rose 76% to N189million compared to N107million a year earlier. Operating profit was N55million compared to an operational loss of N3million a year earlier. Loss before tax at the end of the period was N17million a drop from a loss of N58million a year earlier.

On a QoQ basis revenue did increase 15% to N1.46billion compared to N1.27billion a year earlier. However, cost of ticket still remain high indicating the company is still struggling with selling tickets.

Secure Electronics 2013 H1 Secure Electronics 2013 Q2

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