9 September2022
ROYAL EXCHANGE PLC
(RC: 6752)
4TH QUARTER 2022 EARNINGS FORECAST
Forecast Statement of Comprehensive Income | 4TH QUARTER 2022 |
FORECAST | |
INCOME | N'000 |
Interest Income | 95,177 |
Interest Expense | (44,283) |
NET INTEREST INCOME AFTER IMPAIRMENT | 50,894 |
Impairment (charge)/writeback | (7,190) |
NET INTEREST INCOME AFTER IMPAIRMENT | 43,704 |
Fee and Commission Income- Finance | 6,286 |
Investment income | 15,419 |
Investment in Associate | 100,000 |
ECL Impairment Allowance | 65,663 |
Other income | 5,856 |
NET EARNINGS | 236,928 |
Management expenses | 96,229 |
Finance cost | 17,145 |
TOTAL OPERATING EXPENSES | 113,374 |
Profit before taxation and exceptional income | 123,554 |
Income Tax Expense | (39,537) |
PROFIT AFTER TAX | 84,017 |
NGOZI ONU
FOR: MAZARS OJIKE & PARTNERS
COMPANY SECRETARY
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Royal Exchange plc published this content on 22 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2022 10:09:10 UTC.