RED STAR EXPRESS : EARNINGS FORECAST

RED STAR EXPRESS PLC

CASHFLOW FORECAST FOR THE FOURTH QUARTER

(JANUARY 2023 - MARCH 2023)

	N'000
Cash flows from operating activities:
Cash receipts from customers	3,297,410
Payment to suppliers and employees	(2,472,082)
Taxes paid	(286,518)
Net cash provided by operating activities	538,809
Cash flows from investing activities:
Purchase of Intangible assets	(26,007)
Acquisition of Property, Plant & Equipment	(147,371)
Additions to Right of Use Assets	(5,795)
Net cash provided by investing activities	(179,173)
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
302,452
Cash and cash equivalents at the beginning of the Quarter	408,154
Cash and cash equivalents at the end of the period	710,606

RED STAR EXPRESS PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FORECAST

FOR THE FOURTH QUARTER (JANUARY 2023 - MARCH 2023)

	N'000
Turnover	3,364,497
Cost of sales	(2,483,083)
Gross Profit	881,414
Other income	3,924
Interest and similar charges	(21,896)
Administrative expenses	(659,508)
Total Operating Expenses	(677,481)
Profit Before Tax	203,934
Estimated income tax	(65,259)
Profit After Tax	138,675

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