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

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

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.