Company The Initiates Plc

Equities

TIP

NGINITSPLC05

End-of-day quote Nigerian S.E. 18:00:00 2024-05-21 EDT 5-day change 1st Jan Change
1.8 NGN -10.00% Intraday chart for The Initiates Plc -11.33% +56.52%

Business Summary

The Initiates Plc specializes in waste management and industrial cleaning services for the private and public sectors as well as the oil and gas industries. Net sales break down by activity as follows:

- thermal desorption services (45%): diagnosis and identification of waste, contaminated soil treatability assessment, etc.;

- waste processing, recycling and disposal services (32.3%: drill cuttings, oily waste, electrical and electronic equipment waste, hazardous waste, chemical waste, etc.;

- industrial cleaning and decontamination services (19.2%): cleaning of industrial and professional premises, cleaning of pipes and sewers, emptying and cleaning of ships, etc.;

- development and operation of waste management and waste disposal units (3.5%): landfills, treatment and recovery units, incinerators, thermal desorption plants, wastewater treatment units, etc.

Number of employees: 50

Sales per Business

NGN in Million2022Weight2023Weight Delta
Waste Management Services
55.9 %
479 56.9 % 1,034 55.9 % +115.85%
Industrial Cleaning Services
44.1 %
363 43.1 % 816 44.1 % +125.00%

Sales per region

NGN in Million2022Weight2023Weight Delta
Nigeria
100.0 %
841 100.0 % 1,849 100.0 % +119.79%

Managers

Managers TitleAgeSince
Chief Executive Officer - -
Director of Finance/CFO - -
Investor Relations Contact - 15-01-31
Comptroller/Controller/Auditor - -

Members of the board

Members of the board TitleAgeSince
Chairman - 15-03-22
Chief Executive Officer - -
Director/Board Member - 15-03-22
Director/Board Member - 15-03-22
Director/Board Member - 15-07-16
Director/Board Member - -

Company contact information

The Initiates PLC

Off Aba/PH Expressway Shell Location Road, Plot No. 400

502103, Port Harcourt

+

address The Initiates Plc(TIP)

Sector

This company's sector is not yet available

Sales per Business

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