C & I Leasing : AND I LEASING PL. EARNINGS FOREAST

January 4, 2023.

The Director-General,

The Nigerian Stock Exchange

Stock Exchange Building,

2/4, Customs Street, Marina, Lagos.

Dear Sir,

EARNINGS FORECAST FOR THE FIRST QUARTER ENDING MARCH 31, 2023.

The above refers.

Please find attached C&I Leasing Plc's Q.1 2023 Group Earnings Forecast for the quarter ending March 31, 2023.

Thank you as you acknowledge receipt.

Yours faithfully

For: C & I LEASING PLC

ADESOJI AIYEOLA	OKEY NNAKE
Head of Finance	Chief Financial Officer

Directors:

Chief Chukwumah H. Okolo (Chairman). Chukwuemeka Ndu (ViceChairman),

Andrew Otike-Odibi(ManagingDirector/CEO), Alex Mbakogu (Executive),

Omotunde Alao -Oiaifa(Non-Executive), lkechukwu Duru(IndependentNon-Executive),

Larry Ademeso (Non-Executive),Jacob Kholi (Non-Executive),Sule Ugboma (Non-Executive)

	C&I LEASING PLC
	EARNINGS FORECAST
	QUARTER	FIRST
	FROM	1/1/2023
	TO	31/31/2023
		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	2,838,999,329
	OPERATING CASHFLOW BEFORE WORKING CAPITAL CHANGES	212,369,781
	NET CASH GENERATED FROM OPERATING ACTIVITIES	3,051,369,110
	CASH FLOW FROM INVESTING ACTIVITIES	(641,136,881)
	CASH FLOW FROM FINANCING ACTIVITIES	(3,954,684,895)
	NET DECREASE IN NET CASH & CASH EQUIVALENTS	(1,544,452,666)
	CASH/BANK BALANCE AT THE BEGINNING OF THE PERIOD	765,266,188
	CASH BANK BALANCE AT THE END OF THE PERIOD	(779,186,478)

Directors:

Chief Chukwumah H. Okolo (Chairman). Chukwuemeka Ndu (ViceChairman),

Andrew Otike-Odibi(ManagingDirector/CEO), Alex Mbakogu (Executive),

Omotunde Alao -Oiaifa(Non-Executive), lkechukwu Duru(IndependentNon-Executive),

Larry Ademeso (Non-Executive),Jacob Kholi (Non-Executive),Sule Ugboma (Non-Executive)