ACADEMY PRESS : QUARTER 2 - FINANCIAL STATEMENT FOR 2023

ACADEMY PRESS PLC

REPORTS AND FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED 30TH SEPTEMBER, 2022

Academy Press Plc.

Reports and financial statements for the second quarters ended 30th September, 2022

CONTENTS	PAGE
Corporate information	1
Financial highlights	2
Consolidated Statements of comprehensive income	3
Consolidated Statements of financial position	4
Consolidated Statements of changes in equity	5
Consolidated Statements of cash flows	6
Notes to the financial statements	7

1

			Academy Press Plc.
	Corporate Information
Directors:	Wahab B. Dabiri		- Chairman
	Olugbenga Ladipo		- Managing Director
	David Pritchard	(British)	- Non-executive Director
	Folashade B. Omo-Eboh- (Mrs.)	- Non-executive Director
	Oyewole Olaoye		- Non-executive Director
	Femi T. Akingbe -		- Non-executive Director
	Abubakar A.Jimoh		-Non- executive Director
	Paul Aderibigbe		- Executive Director
Secretaries:	Alpha-Genasec Limited,
	Krestal Laurel Complex (4th Floor),
	376, Ikorodu Road,
	Maryland, Ikeja, Lagos.
	Tel:[phone]
	Email: alpha-genasec @bakertilly.com
Registered office:	28/32, Industrial Avenue,
	Ilupeju Industrial Estate,
	Ilupeju, Lagos.
	Tel: [phone]&07014900034
	Email: applc@academy press- plc.com
	www.academypress-plc.com
Registered number:	RC. 3915
Auditors:	Ernst & Young
	(Chartered Accountants)
	10th & 13th Floor, UBA House
	57, Marina, Lagos
	E-mail: [e-mail]
Registrars:	Pace Registrars Limited,
	Knight Frank Building (8th floor),
	24, Campbell Street, Lagos.

Tel: [phone]

E-mail: Info @ paceregistrars.Com

2

Bankers:	Union Bank of Nigeria Plc.
	First Bank of Nigeria Plc.
	Sterling Bank Nigeria Plc.
	Zenith Bank Plc.
	Guaranty Trust Bank Plc.
	United Bank for Africa

3

								Academy Press Plc.
					FINANCIAL HIGHLIGHTS
											%
	Notes					Period	Period	%	Period	Period
						Ended	Ended	Increase/(Decrease)	Ended	Ended	Increase/(Decrease)
						30/9/22	30/9/21		31/6/22	31/6/21

	₦'000	₦'000		₦'000	₦'000
Revenue	2,328,351	2,109,194	110	1,418,249	762,497	86
Profit/(Loss) before Taxation 175,055	197,197	(11)	132,348	18,332	622
Taxation	-	-		-	-
Profit/(Loss) after Taxation	175,055	197,197	(11)	132,348	18,332	6 22
EPS	29k	33k	(12)	22k	(33k)	167
At period ended:	30-09-2022	30-09-2021		31-06-2022	31-06-2021
	₦'000	₦'000		₦'000	₦'000
Property,plant and Machiery	903,635	932,375	(3)	883,717	977,074	(9)
Share Capital	302,400	302,400		302,400	302,400
Equity	360,054	234,797	153	396,577	25,838	1434
	Number	Number		Number	Number
	205	219		209	219

-

4