Red Star Express Plc declares 7.5 kobo dividend to shareholders

Red Star Express has proposed a dividend of 7.5 kobo to its shareholder for the year ended 31, March 2022.

The Group reported a turnover of N12.6 billion for the 12 months period, up by 33.21% from N9.46 billion reported the previous year.

Profit after tax declined year on year by 41.49% to N87.806 million from N150.065 million achieved the previous year.

Earnings per share of the Group fell to 9 kobo from the EPS of 16 kobo reported the previous year.

At the share of N2.75, the P/E ratio of Red Star Express stands at 30.56x with earnings yield of 0.7%.

Subject to approval, the proposed dividend will be posted on 12 October 2022 to all Shareholders, whose names appear on the Register of Members at the close of business on 16 September, 2022.

Source: Red Star Express Plc declares 7.5 kobo dividend to shareholders – StocksWatch (stocksng.com)


Notice: Function WP_List_Util::pluck was called incorrectly. Values for the input array must be either objects or arrays. Please see Debugging in WordPress for more information. (This message was added in version 6.2.0.) in /home/fundidqj/fundvinesecurities.com/securities/wp-includes/functions.php on line 6031

Related Posts

03

Nov
Business & Economy

ELITE WEALTH PLACEMENT FUND

Welcome to the Elite Wealth Placement Fund – a bespoke investment vehicle designed exclusively for high-net-worth individuals seeking attractive and tailored placement opportunities. Our fund is managed by a team of seasoned financial experts with a proven track record of delivering superior returns, while prioritizing risk management and long-term wealth preservation. As an exclusive member, you will […]

03

Nov
Business & Economy

PZ Cussons Nigeria Plc reports N113bn revenue, boosts profit after tax by 114% in one year

The Audited Financial Statement of PZ Cussons for the year ended 31 May 2023 show significant growth in the Company’s bottom line figures with 114% growth in its profit after tax for the 12 months period. The Group reported revenue of N113.964 billion for the 12 months period, up by 14.53% from N99.503 reported the previous year.[…]