26 June 2023
ROYAL EXCHANGE PLC
(RC: 6752)
1ST QUARTER 2023 EARNINGS FORECAST
ROYAL EXCHANGE PLC RC: 6252
34-36Oshodi-Apapa Expressway | T. | +234 1 460 6690 - +234 1 460 6699 |
Oshodi, Lagos, Nigeria | E. | info@royalexchangeplc.com |
P.O. Box 112, Lagos | W. | www.royalexchangeplc.com |
Directors:
Mr. Kenneth Ezenwani Odogwu (Chairman), Chief (Dr.) Anthony Ikemefuna Idigbe (SAN), Alhaji Ahmed Rufa'i Mohammed, Mr. Adeyinka Adekunle Ojora, Mr. Hewett Benson (Group Coordinator)
Forecast Statement of Comprehensive Income | 1ST QUARTER 2023 |
FORECAST | |
INCOME | N'000 |
INTEREST INCOME | 404 |
INTEREST EXPENSE | (56) |
NET INTEREST INCOME AFTER IMPAIRMENT | 348 |
Impairment (charge)/writeback | - |
NET INTEREST INCOME AFTER IMPAIRMENT | 348 |
Fee and Commission Income - Finance | 842 |
Investment Income | 117,938 |
Investment in Associate | - |
ECL Impairment Allowance | - |
Other Income | - |
NET EARNINGS | 119,128 |
Management Expenses | 61,660 |
Finance Cost | 17,715 |
TOTAL OPERATING EXPENSES | 79,375 |
Profit before Taxation and exceptional Income | 39,753 |
Income Tax Expense | (12,721) |
PROFIT AFTER TAX | 27,032 |
NGOZI ONU
FOR: MAZARS OJIKE & PARTNERS
COMPANY SECRETARY
Royal Exchange Plc. | 2 |
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Royal Exchange plc published this content on 13 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2023 14:05:09 UTC.