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Home Markets Equities Company Results

Red Star Express Plc post 21% post-tax decline in 2020 9M results

Blurb Team @Nairametrics by Blurb Team @Nairametrics
February 4, 2021
in Company Results, Markets
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Red Star Express Plc released its 2020 9M results reporting a revenue of N6.59 billion representing a 15.89% decline from the N7.84 billion revenue reported a year earlier.

  • Operating expenses during the quarter was N1.25 billion in 2020 compared to N1.28 billion same period in 2019. –2.26% YoY
  • The company reported a loss after tax of N2.44 million in 2020 compared to N377.52 million profit after tax in 2019.
  • It reported a loss per share of –0 kobo in 2020 compared to 64 kobo earnings per share reported in 2019.
  • No dividend announcement was made in their press release.
  • The company share price of N3.40, down 0.87% YTD.

See link to results.

Blurb Team @Nairametrics

Blurb Team @Nairametrics

The "Blurb Team" is the official conveyer of the opinions of the Nairametrics Research & Analysis Board on matters of financial reports, macroeconomic data, and economic policies.

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  • Gates Foundation renews $1.6 billion support to Gavi to sustain childhood immunization amid aid cuts 
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Gates Foundation renews $1.6 billion support to Gavi to sustain childhood immunization amid aid cuts 

Gates Foundation renews $1.6 billion support to Gavi to sustain childhood immunization amid aid cuts 

June 25, 2025
Lagos launches HaemoCentral system, LSBTC website to digitize blood transfusion services 

Lagos launches HaemoCentral system, LSBTC website to digitize blood transfusion services 

June 25, 2025
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