The Initiates Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.
- Revenue for the period was N178.25 million. (-51.4% YoY)
- Cost of sales for the period was N151.2 million. (-38.2% YoY)
- Administrative expenses totalled N65.04 million. (+16% YoY)
- Total assets during the period stood at N1.69 billion. (+49.8% YoY)
- Loss after tax was N94.6 million.
- Loss per share of 0.11 kobo Vs 0.01 kobo YoY.
- Return on assets of 0.11% Vs 0.32% YoY.
See link to results.
