RED STAR EXPRESS : EARNINGS FORECAST

RED STAR EXPRESS PLC
CASHFLOW FORECAST FOR THE SECOND QUARTER
(JULY 2022 - SEPTEMBER 2022)
	N'000
Cash flows from operating activities:
Cash receipts from customers	3,753,718
Payment to suppliers and employees	(2,671,950)
Taxes paid		(192,274)
Net cash provided by operating activities		889,494
Cash flows from investing activities:
Purchase of Intangible assets	(53,987)
Acquisition of Property, Plant & Equipment	(305,924)
Additions to Right of Use Assets		(7,295)
Net cash provided by investing activities		(367,205)
Cash flows from financing activities:
Term Loan repayment - Principal	(40,289)
Interest Paid		(16,896)
Net cash provided by financing activities		(57,185)
Net (decrease)/increase in cash and cash equivalents	465,104
Cash and cash equivalents at the beginning of the Quarter	349,539
Cash and cash equivalents at the end of the period	814,643

RED STAR EXPRESS PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FORECAST

FOR THE SECOND QUARTER (JUL 2022 - SEP 2022)

	N'000
Turnover	3,462,398
Cost of sales	(2,527,550)
Gross Profit	934,847
Other income	8,146
Interest and similar charges	(16,896)
Administrative expenses	(680,228)
Total Operating Expenses	(688,978)
Profit Before Tax	245,869
Estimated income tax	(78,678)
Profit After Tax	167,191

VALENTINE ONYIBO	Auwalu Babura
CHIEF FINANCIAL OFFICER (CFO)	Managing Director
FRC/2013/ICAN/00000003908	FRC/2016/ICAN/00000014402

RED STAR EXPRESS PLC

CONSOLIDATED STATEMENT OF

COMPREHENSIVE INCOME FORCAST

FOR THE SECOND QUARTER (JUL 2022 - SEP 2022)

	N'000
Turnover	3,462,398
Cost of sales	(2,527,550)
Gross profit	934,847
Marketing, Distribution &
Administrative expenses	(680,228)
Other Income	8,146
Interest Income
Interest Payable & Similar Charges	(16,896)
Profit/Loss Before Tax	245,869
Forecast Taxation	(78,678)

VALENTINE ONYIBO	Auwalu Babura
CHIEF FINANCIAL OFFICER (CFO)	Managing Director
FRC/2013/ICAN/00000003908	FRC/2016/ICAN/00000014402