Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

eTranzact International Plc forecasts PBT of N53.19 million in Q1 2021

Chidi EmenikebyChidi Emenike
2 years ago
in Business News
eTranzact International Plc proposes rights issue, Etranzact International Plc Announces Notice of Board Meeting

Niyi Toluwalope, MD eTranzact

Share on FacebookShare on TwitterShare on Linkedin

eTranzact International Plc has projected a massive rise in its Profit Before Tax (PBT) to N53.19 million for the first quarter of 2021 (Q1, 2021), indicating a 173.3% increase from a loss of N72.6 million recorded in Q3 2020.

This is according to the latest earnings forecast of the firm, signed by the Chief Executive Officer of the firm, Niyi Toluwalope, and sent to the Nigerian Stock Exchange market.

READ: eTRANZACT International Plc records a loss of N72.6 million in 9M 2020.

READ: 11 Plc reports N4.1 billion profit in 9M 2020, down by 35%

Key highlights of the earnings forecast for Q1 2021;

  • Revenue is projected to decline to N3.88 billion, -28.8% Q-o-Q
  • Profit After Tax is projected to increase to N36.17 million,+149.8% Q-o-Q.
  • Taxation is projected to rise to N17.02 million, +100% Q-o-Q.
  • Cost of sales is projected to decline to N3.49 billion, -32.5% Q-o-Q.
  • Gross profit is projected to increase to N393.2 million, +39.5% Q-o-Q.
  • Operating profit is projected to increase to N43.4 million, + 118.9% Q-o-Q.
  • Investment income is projected to decline to N13.24 million, -57.7% Q-o-Q.
  • Finance cost is projected to decline to N3.5 million, -30.8% Q-o-Q.

READ: Abbey Mortgage Bank Plc projects N60.13 million profit in Q1 2021

Bottom Line:

For a company that had earlier reported a loss of N72.6 million in 9M 2020 as captured by Nairametrics, the optimistic outlook posted by the firm is a bold statement going forward, especially given the lacklustre performances posted by the firm in recent times. The firm projects modest revenue, but aims to maximize profit and minimize costs as evident by its projections.

READ: United Capital Plc raises N15 billion through Commercial Paper

READ: List of cryptos U.S investment banks are buying quietly

Related

Tags: Business NewsCompany Financial ResultsCOMPANY RESULTSeTRANZACT International Plc

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Emergence of new airlines increase costs of surveillance programme -NCAA
  • Federal High Court Abuja Acquits Jide Omokore of 1.6bn Fraud
  • LeBron James surpasses Kareem Abdul-Jabbar to become America’s NBA all-time leading scorer

Follow us on social media:

Recent News

New Airlines’ Emergence, Expansions Increase CA Surveillance Programme Costs, Says DG

Emergence of new airlines increase costs of surveillance programme -NCAA

February 8, 2023
Federal High court

Federal High Court Abuja Acquits Jide Omokore of 1.6bn Fraud

February 8, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics