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%.