C & I Leasing : AND I LEASING PL. EARNINGFORAST

August 10, 2023.

The Director - General,

Securities & Exchange Commission,

Plot 272, Samuel Adesujo Ademulegun Street,

Central Business District,

P M B 315 Garki - Abuja,

Nigeria.

Dear Sir,

EARNINGS FORCAST FOR THE THIRD QUARTER ENDING SEPTEMBER 30, 2023.

The above refers,

Please find attached C & I Leasing Plc's Q.3 2023 Group Earnings Forecast for the period ending September 30, 2023.

Thank you as you acknowledge receipt.

Yours faithfully,

For; - C & I LEASING PLC

ADESOJI AIYEOLA	OKECHUKWU NNAKE
Head of Finance	Chief Financial Officer

C&I LEASING PLC

EARNINGS FORECAST

	QUARTER	THIRD
	FROM	01/07/2023
	TO	30/09/2023
		NGN
	TURNOVER/REVENUE	5,966,335,384
	COST OF SALES	(2,310,043,898)
	GROSS PROFIT	3,656,291,486
	MARKETING DISTRIBUTION AND ADMIN EXPENSES	(1,695,859,013)
	OTHER INCOME	-
	INTEREST INCOME	-
	INTEREST PAYABLE AND SIMILAR CHARGES	(1,656,518,541)
	PROFIT/LOSS(BEFORE TAX)	303,913,932
	FORECAST TAXATION	(125,864,734)
	PROFIT/(LOSS) AFTER TAX	178,049,198
	CASH FROM OPERATING ACTIVITIES	3,502,124,506
	OPERATING CASHFLOW BEFORE WORKING CAPITAL CHANGES	169,030,697
	NET CASH GENERATED FROM OPERATING ACTIVITIES	3,671,155,203
	CASH FLOW FROM INVESTING ACTIVITIES	(384,375,000)
	CASH FLOW FROM FINANCING ACTIVITIES	(2,008,818,757)
	NET DECREASE IN NET CASH & CASH EQUIVALENTS	1,277,961,446
	CASH/BANK BALANCE AT THE BEGINNING OF THE PERIOD	(1,161,544,790)
	CASH BANK BALANCE AT THE END OF THE PERIOD	116,416,656