The Initiates Plc released its unaudited results for the first quarter of the year (Q1, 2021).
- Revenue for the period was N54.45 million. (-66.3% YoY)
- Cost of sales was N50.3 million. (-54.5% YoY)
- Administrative expenses totalled N15.8 million. (-25.8% YoY)
- A loss after tax of N39.26 million was incurred. (-610.04% YoY)
- Loss per share of -0.05 kobo was incurred.
- Gross profit margin for the period was 7.59%.
See link to results.