RED STAR EXPRESS : EARNINGFORCAST

RED STAR EXPRESS PLC

CASHFLOW FORECAST FOR THE THIRD QUARTER

(OCTOBER 2023 - DECEMBER 2023)

	N'000
Cash flows from operating activities:
Cash receipts from customers	3,104,053
Payment to suppliers and employees	(2,699,985)
Taxes paid	(252,526)
Net cash provided by operating activities	151,543
Cash flows from investing activities:
Purchase of Intangible assets	(30,401)
Acquisition of Property, Plant & Equipment	(166,193)
Additions to Right of Use Assets	(6,080)
Net cash provided by investing activities	(202,674)
Cash flows from financing activities:
Term Loan repayment - Principal	(34,300)
Interest Paid	(6,101)
Net cash provided by financing activities	(40,401)
Net (decrease)/increase in cash and cash equivalents
(91,532)
Cash and cash equivalents at the beginning of the Quarter	597,825
Cash and cash equivalents at the end of the period	506,293

RED STAR EXPRESS PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FORECAST
FOR THE THIRD QUARTER (OCTOBER 2023 - DECEMBER 2023)
	N'000
Turnover	3,611,306
Cost of sales	(2,591,303)
Gross Profit	1,020,003
Other income	2,131
Interest and similar charges	(6,101)
Administrative expenses	(825,473)
Total Operating Expenses	(829,443)
Profit Before Tax	190,560
Estimated income tax	(60,979)
Profit After Tax	129,581
VALENTINE ONYIBO	Auwalu Babura
CHIEF FINANCIAL OFFICER (CFO)	Group Managing Director
FRC/2013/ICAN/00000003908	FRC/2016/ICAN/00000014402
RED STAR EXPRESS PLC
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME FORCAST
FOR THE THIRD QUARTER (OCTOBER 2023 - DECEMBER 2023)
	N'000
Turnover	3,611,306
Cost of sales	(2,591,303)
Gross profit	1,020,003
Marketing, Distribution &
Administrative expenses	(825,473)
Other Income	2,131
Interest Income
Interest Payable & Similar Charges	(6,101)
Profit/Loss Before Tax	190,560
Forecast Taxation	(60,979)
VALENTINE ONYIBO	Auwalu Babura
CHIEF FINANCIAL OFFICER (CFO)	Group Managing Director
FRC/2013/ICAN/00000003908	FRC/2016/ICAN/00000014402