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

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.

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