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Nairametrics
Home Markets Equities Company Results

The Initiates Plc reports a loss of N61.7 million in HY 2021.

Chidi Emenike by Chidi Emenike
August 2, 2021
in Company Results, Markets
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The Initiates Plc released its unaudited half year results for the period ended June 30, 2021.

  • Revenue for the period was N120.23 million. (-51.2% YoY)
  • Direct cost of N96.07 million. (-47.6% YoY)
  • Total assets for the period stood at N1.05 billion. (-7.6% YoY)
  • Loss for the period was N61.07 million.
  • Earnings per share of 0.07 kobo Vs -0.01 kobo YoY.
  • Return on assets of 0.12% Vs 0.22% YoY.

See link to results.

Tags: Company Financial ResultsThe Initiates Plc
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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