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Nairametrics
Home Markets Equities Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Adeyemi Adebayo by Adeyemi Adebayo
February 2, 2021
in Company Results
Focus: This small-cap oil company is seriously lagging behind

The company's filling stations are located across major cities and towns in Nigeria

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Rak Unity Petroleum Company Plc released its 2021 FY results reporting total revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

  • Operating expenses during the year was N149.65 million in 2020 compared to N221.89 million in 2019. –32.56% YoY
  • The company reported a loss after tax of N63.02 million in 2020 compared to N14.52 million loss after tax in 2019.
  • It reported a loss per share of N1.11  in 2020 compared to N0.26 loss per share reported in 2019.
  • No dividend announcement was made in their press release.
  • The company share price of N0.30 unchanged YTD.

See link to results here


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Tags: 2021 FY resultsRak Unity Petroleum Company Plc
Adeyemi Adebayo

Adeyemi Adebayo

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

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