RED STAR EXPRESS : EARNINGS FORECAST

RED STAR EXPRESS PLC
CASHFLOW FORECAST FOR THE FIRST QUARTER
(APRIL 2022 - JUNE 2022)
	N'000
Cash flows from operating activities:
Cash receipts from customers	2,835,310
Payment to suppliers and employees	(2,309,614)
Taxes paid		(187,424)
Net cash provided by operating activities		338,272
Cash flows from investing activities:
Purchase of Intangible assets	(34,172)
Acquisition of Property, Plant & Equipment	(193,642)
Additions to Right of Use Assets		(5,795)
Net cash provided by investing activities		(233,610)
Cash flows from financing activities:
Term Loan repayment - Principal	(40,289)
Interest Paid		(3,379)
Net cash provided by financing activities		(43,668)
Net (decrease)/increase in cash and cash equivalents	60,994
Cash and cash equivalents at the beginning of the Quarter	567,973
Cash and cash equivalents at the end of the period	628,967

RED STAR EXPRESS PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FORECAST

FOR THE FIRST QUARTER (APR 2022 - JUN 2022)

	N'000
Turnover	3,298,834
Cost of sales	(2,408,149)
Gross Profit	890,685
Other income	7,405
Interest and similar charges	(3,379)
Administrative expenses	(663,563)
Total Operating Expenses	(659,537)
Profit Before Tax	231,148
Estimated income tax	(73,967)
Profit After Tax	157,181

Auwalu Babura	Sola Obabori
Executive Director - Finance & Admin	Group Managing Director
FRC/2016/ICAN/00000014402	FRC/2016/IODN/00000015290

RED STAR EXPRESS PLC

CONSOLIDATED STATEMENT OF

COMPREHENSIVE INCOME FORCAST

FOR THE FIRST QUARTER (APR 2022 - JUN 2022)

	N'000
Turnover	3,298,834
Cost of sales	(2,408,149)
Gross profit	890,685
Marketing, Distribution &
Administrative expenses	(663,563)
Other Income	7,405
Interest Income
Interest Payable & Similar Charges	(3,379)
Profit/Loss Before Tax	231,148
Forecast Taxation	(73,967)

Auwalu Babura	Sola Obabori
Executive Director - Finance & Admin	Group Managing Director
FRC/2016/ICAN/00000014402	FRC/2016/IODN/00000015290