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Nairametrics
Home Sectors Energy

RAK Unity Petroleum Plc posts loss of N64.2 million in FY 2020.

Blurb Team @Nairametrics by Blurb Team @Nairametrics
March 31, 2021
in Energy
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RAK Unity Petroleum Company Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N1.41 billion. (-68% YoY)
  • Cost of sales was N1.32 billion. (-68.8% YoY)
  • Operating expenses totaled N153.54 million. (-32% YoY)
  • Operating loss was N63.7 million. (-147.4% YoY)
  • Loss for the year was N64.2 million. (-61.4% YoY)
  • Loss per share of N1.13 vs 70 kobo YoY.

See link to results.


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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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