RED STAR EXPRESS PLC Group Financials
RED STAR EXPRESS PLC
2024/003
UNAUDITED FINANCIAL HIGHLIGHTS
FOR THE PERIOD ENDED 30TH JUNE, 2023
Jun-23 | Jun-22 | |
N'000 | N'000 | |
TURNOVER | 3,278,044 | 3,240,820 |
PROFIT/LOSS BEFORE TAX | 121,094 | 177,442 |
TAXATION | (39,359) | (57,672) |
PROFIT/LOSS AFTER TAX | 81,735 | 119,770 |
RED STAR EXPRESS PLC
UNAUDITED FINANCIAL HIGHLIGHTS
FOR THE PERIOD ENDED 30TH JUNE, 2023
MAJOR STATEMENT OF COMPREHENSIVE INCOME ITEMS
THE GROUP
Current Period | |
Year to Date | |
Apr'23-Jun'23 | |
N'000 | |
TURNOVER | 3,278,044 |
PROFIT/LOSS BEFORE TAX | 121,094 |
PROFIT/LOSS AFTER TAX | 81,735 |
THE COMPANY
Comparative Period
Year to Date
Apr'22-Jun'22
N'000
3,240,820
177,442
119,770
TURNOVER
PROFIT/LOSS BEFORE TAX PROFIT/LOSS AFTER TAX
Current Period
Year to Date
Apr'23-Jun'23
N'000
1,506,660
63,671
42,976
Comparative Period
Year to Date
Apr'22-Jun'22
N'000
1,869,286 |
130,305 |
87,953 |
MAJOR STATEMENT OF FINANCIAL POSITION ITEMS
TOTAL ASSETS SHAREHOLDERS FUND SHARE CAPITAL SHARE PREMIUM REVENUE RESERVE
THE GROUP
Jun-23 | Mar-23 |
N' 000 | N' 000 |
8,866,098 | 8,657,638 |
4,659,491 | 4,577,755 |
477,211 | 477,211 |
1,515,600 | 1,515,600 |
2,666,348 | 2,584,613 |
THE COMPANY | |
Jun-23 | Mar-23 |
N' 000 | N' 000 |
7,353,179 | 6,973,832 |
3,774,204 | 3,731,227 |
477,211 | 477,211 |
1,515,600 | 1,515,600 |
1,781,061 | 1,738,085 |
INFORMATION PER 50 KOBO ORDINARY SHARE
NO OF ORDINARY SHARES NET ASSET (N)
EARNINGS PER SHARE (KOBO) NET ASSET PER SHARE(KOBO)
THE GROUP
Jun-23 | Jun-22 |
954,423 | 954,423 |
4,459,493 | 4,313,397 |
913
467452
THE COMPANY
Jun-23 | Jun-22 |
954,423 | 954,423 |
3,774,205 | 3,554,695 |
5 | 9 |
395 | 372 |
RED STAR EXPRESS PLC
UNAUDITED CONSOLIDATED & SEPARATE
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30TH JUNE, 2023
Note | |
Turnover | 1 |
Cost of sales | 3 |
Gross profit | |
Other income | 2 |
Administrative and Other Operating | |
Expenses | 4 |
Staff Gratuity | 5 |
Depreciation & Amortisation | 6 |
Impairment Loss | |
Effect of change in estimate useful | |
life of PPE | |
Total operating Expences | |
Finance Income | 7 |
Finance Costs | 7 |
Profit/Loss Before interest and Tax
Interest and similar charges Provision for diminution in investments
Profit/(Loss) Before Income Tax
Income Tax | 8.1 |
Profit/(Loss) from continuing operation
Profit attributable to:
Owners of the company
Non controlling Interests
Profit for the period
Earnings per share | |
Basic earnings per share (kobo) | 29 |
Diluted earnings per share (kobo) | |
Number of ordinary shares in | 29 |
issue | |
The Group | The Company | ||||||||||
Comparative | Comparative | ||||||||||
Current Period | Period | Current Period | Period | ||||||||
Year to Date | Year to Date | Year to Date | Year to Date | ||||||||
Apr'23-Jun'23 | Apr'22-Jun'22 | Apr'23-Jun'23 | Apr'22-Jun'22 | ||||||||
N'000 | N'000 | N'000 | N'000 | ||||||||
3,278,044 | 3,240,820 | 1,506,660 | 1,869,286 | ||||||||
(2,549,380) | (2,468,547) | (1,094,792) | (1,344,047) | ||||||||
728,664 | 772,273 | 411,868 | 525,239 | ||||||||
21,204 | 35 | 21,007 | 35 | ||||||||
749,868 | 772,308 | 432,875 | 525,274 | ||||||||
(574,115) | (537,279) | (330,512) | (354,374) | ||||||||
(7,632) | (8,007) | (4,104) | (4,658) | ||||||||
(33,857) | (36,489) | (31,017) | (34,044) | ||||||||
- | - | - | |||||||||
- | - | - | - | ||||||||
(615,604) | (581,774) | (365,633) | (393,077) | ||||||||
1 | 1 | 1 | 1 | ||||||||
(13,171) | (13,096) | (3,573) | (1,894) | ||||||||
121,094 | 177,442 | 63,671 | 130,305 | ||||||||
- | - | - | - | ||||||||
121,094 | 177,442 | 63,671 | 130,305 | ||||||||
(39,359) | (57,672) | (20,695) | (42,352) | ||||||||
81,735 | 119,770 | 42,976 | 87,953 | ||||||||
81,735 | 119,770 | 42,976 | 87,953 | ||||||||
- | - | - | - | ||||||||
81,735 | 119,770 | 42,976 | 87,953 | ||||||||
9 | 13 | 5 | 9 | ||||||||
954,423 | 954,423 | 954,423 | 954,423 | ||||||||
RED STAR EXPRESS PLC
1999001 | 1999001 | |||||
UNAUDITED CONSOLIDATED & SEPARATE STATEMENT | 2024/003 | 2024/003 | ||||
OF FINANCIAL POSITION | ||||||
AS AT 30TH JUNE, 2023 | ||||||
The Group | The Company | |||||
Jun-23 | Mar-23 | Jun-23 | Mar-23 | |||
Note | N'000 | N'000 | N'000 | |||
ASSETS | ||||||
Non Current Assets | ||||||
Property Plant and |Equipments | 9 | 3,143,913 | 3,205,931 | 1,769,599 | 1,773,235 | |
Intangible Assets | 10 | 20,606 | 25,751 | 20,606 | 25,751 | |
Right Of Use of Assets | 11 | 113,523 | 123,651 | 95,548 | 105,677 | |
Long Term Prepayments | 15 | 188,669 | 155,198 | 4,281 | 3,848 | |
Equity instrument at fair value through OCI | 11.1 | 866 | 866 | 866 | 866 | |
Investment in subsidiary | 11.2 | - | - | 1,153,065 | 1,153,065 | |
Employee Benefit asset | 230,671 | 246,746 | 239,538 | 246,746 | ||
Total Non Current Assets | 3,698,248 | 3,758,143 | 3,283,503 | 3,309,188 |
Current Assets | |||
Inventories | 12 | 81,893 | 98,029 |
Trade debtors | 13 | 2,314,144 | 2,611,769 |
Other receivables | 14 | 1,661,377 | 1,417,469 |
Current prepayments | 15 | 256,000 | 183,084 |
Due from related company | 28 | ||
Cash and cash equivalents | 16 | 854,439 | 589,144 |
Total Current Assets | 5,167,853 | 4,899,496 | |
TOTAL ASSETS | 8,866,098 | 8,657,638 | |
EQUITY AND LIABILITIES | |||
LIABILITIES | |||
Non-current liabilities | |||
Deferred taxation | 18 | 278,754 | 278,754 |
Provision for liabilities and charges | |||
Finance Lease Obligation | 50,359 | 55,141 | |
Interest bearing loans and borrowings | 101,236 | 183,183 | |
Employee Benefit asset | |||
Total Non Current Liabilities | 430,349 | 517,078 | |
Current liabilities | |||
Trade creditors | 1,796,168 | 1,851,801 | |
Other creditors and accruals | 17 | 1,362,975 | 1,340,936 |
Due to related companies | 28 | - | |
Finance Lease Obligation | 32,672 | 27,384 | |
Income tax liabilities | 8.2 | 243,621 | 204,262 |
Interest bearing loans and borrowings | 540,820 | 138,422 | |
Total Current Liabilities | 3,976,256 | 3,562,805 | |
TOTAL LIABILITIES | 4,406,605 | 4,079,883 |
73,84889,795
1,112,971 1,400,034
1,141,846 754,912
138,38854,522
926,004 949,990
676,619 415,391
4,069,676 3,664,644
7,353,179 6,973,832
203,377 | 203,377 |
50,359 | 55,141 |
- | - |
253,736 | 258,518 |
1,753,032 | 1,830,166 |
944,124 | 946,856 |
53,303 | - |
32,672 | 27,384 |
140,091 | 119,396 |
402,017 | 60,285 |
3,325,238 | 2,984,087 |
3,578,974 | 3,242,605 |
Equity | ||||||||
Share capital | 19 | 477,211 | 477,211 | 477,211 | 477,211 | |||
Share premium | 1,515,600 | 1,515,600 | 1,515,600 | 1,515,600 | ||||
Retained Earnings | 2,666,348 | 2,584,613 | 1,781,061 | 1,738,085 | ||||
Fair value of equity instrument designated at FVOCI | 331 | 331 | 331 | 331 | ||||
Total Equity | 4,659,491 | 4,577,755 | 3,774,204 | 3,731,227 | ||||
TOTAL EQUITY AND LIABILITIES | 9,066,098 | 8,657,638 | 7,353,179 | 6,973,832 | ||||
The consolidated and separate financial statements were approved by the Board on the 25th of July, 2023 and signed on its behalf by:
Babura Auwalu Badamasi | Onyibo Valentine | |
Managing Director/CEO | Chief Financial Officer | |
FRC/2016/ICAN/00000014402 | FRC/2013/ICAN/00000003908 |
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Red Star Express plc published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 16:23:17 UTC.
