Tag: The Initiates Plc

The Initiates Plc reports a net loss of N94.6 million in 9M 2021.

Chidi Emenike Leave a comment

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.

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

Chidi Emenike Leave a comment

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.

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The Initiates Plc reports a loss of N39.3 million in Q1 2021.

Chidi Emenike Leave a comment

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%.

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