RED STAR EXPRESS : EARNINGFORCAST

RED STAR EXPRESS PLC
CASHFLOW FORECAST FOR THE SECOND QUARTER
(JULY 2023 - SEPTEMBER 2023)
	N'000
Cash flows from operating activities:
Cash receipts from customers	3,169,000
Payment to suppliers and employees	(2,743,581)
Taxes paid		(440,383)
Net cash provided by operating activities		(14,964)
Cash flows from investing activities:
Purchase of Intangible assets	(42,424)
Acquisition of Property, Plant & Equipment	(231,917)
Additions to Right of Use Assets		(8,485)
Net cash provided by investing activities		(282,825)
Cash flows from financing activities:
Term Loan repayment - Principal	(34,700)
Interest Paid		(6,110)
Net cash provided by financing activities		(40,810)
Net (decrease)/increase in cash and cash equivalents	(338,598)
Cash and cash equivalents at the beginning of the Quarter	629,494
Cash and cash equivalents at the end of the period	290,896

RED STAR EXPRESS PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FORECAST FOR THE SECOND QUARTER (JULY 2023 - SEPTEMBER 2023)

	N'000
Turnover	3,654,588
Cost of sales	(2,623,715)
Gross Profit	1,030,874
Other income	2,394
Interest and similar charges	(6,110)
Administrative expenses	(815,258)
Total Operating Expenses	(818,973)
Profit Before Tax	211,900
Estimated income tax	(67,808)
Profit After Tax	144,092
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 SECOND QUARTER (JULY 2023 - SEPTEMBER 2023)
	N'000
Turnover	3,654,588
Cost of sales	(2,623,715)
Gross profit	1,030,874
Marketing, Distribution &
Administrative expenses	(815,258)
Other Income	2,394
Interest Income
Interest Payable & Similar Charges	(6,110)
Profit/Loss Before Tax	211,900
Forecast Taxation	(67,808)
VALENTINE ONYIBO	Auwalu Babura
CHIEF FINANCIAL OFFICER (CFO)	Group Managing Director
FRC/2013/ICAN/00000003908	FRC/2016/ICAN/00000014402