ACADEMY PRESS PLC
REPORTS AND FINANCIAL STATEMENTS
FOR THE FIRST QUARTER ENDED 3OTH JUNE, 2023
Academy Press Plc.
Reports and financial statements for the first quarters ended 3oth June, 2023
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 |
Academy Press Plc. | |||
Corporate Information | |||
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 | ||
Paul Aderibigbe | - Executive Director-Operations | ||
Femi T. Akingbe | - Non-executive Director | ||
Secretaries: | Alpha-Genasec Limited, | ||
Krestal Laurel Complex (4th Floor), | |||
376, Ikorodu Road, | |||
Maryland, Ikeja, Lagos. | |||
Tel:234(0)8062272121 | |||
Email: alpha-genasec@bakertilly.com | |||
Registered office: | 28/32, Industrial Avenue, | ||
Ilupeju Industrial Estate, | |||
Ilupeju, Lagos. | |||
Tel: 09030001367 09030001368 & 07014900034 | |||
Email: applc@academy press- plc.com | |||
www.academypress-plc.com | |||
Registered number: | RC. 3915 | ||
Auditors: | Ernst & Young | ||
10th Floor, | |||
UBA Floor, | |||
57 Marina, | |||
Lagos State | |||
Registrars: | Pace Registrars Limited, | ||
Knight Frank Building (8th floor), | |||
24, Campbell Street, Lagos. | |||
Tel: 01-2635607,01-7303445,01-2805538 | |||
E-mail: Info @ paceregistrars.Com | |||
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 | |||
Insurance Companies: | Acorn Insurance Brokers Limited | ||
FBN Insurance Brokers | |||
LASACO Assurance | |||
1 |
Academy Press Plc. | |||
FINANCIAL HIGHLIGHTS | |||
30-06-2023 | 30-06-2022 | % | |
2023 | 2022 | Increase/ (decrease) | |
N'000 | N'000 | ||
Revenue | 1,943,915 | 1,418,249 | 37 |
Profit/ (Loss) before Taxation | 38,223 | 132,348 | (71) |
Taxation | - | --- | |
Profit/ (Loss) after taxation | 38,223 | 132,348 | (71) |
EPS | 5.1k | 22k | (77) |
At period ended: | 30-06-2023 | 30-06-2022 | |
₦'000 | ₦'000 | ||
Property, plant and machinery | 1,052,360 | 883,568 | 19 |
Share Capital | 378,000 | 302,400 | - |
Equity | 640,053 | 396,577 | 61 |
Number | Number | ||
Number of employees | 211 | 209 | - |
2
Academy Press Plc.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Year ended | Year ended | |||||
Notes | 31/06/23 | 31/06/22 | ||||
N'000 | N'000 | |||||
Revenue | 5 | 1,943,915 | 1,418,249 | |||
Cost of sales | 7 | (1,560,780) | (1,025,225) | |||
Gross profit | 383,135 | 393,024 | ||||
Administrative Expenses | (265,983) | (204,864) | ||||
Distribution Expenses | (23,067) | (13,110) | ||||
Foreign Exchange Loss | - | - | ||||
Other income | 2,910 | 4,375 | ||||
Results from operating activities | 96,995 | 26,872 | ||||
------------ | ----------- | |||||
Finance income | -- | -- | ||||
Finance expenses | 12 | (58,772) | (47,077) | |||
Net finance cost | (58,772) | (47,077) | ||||
(Loss)/Profit before taxation | 38,223 | 132,348 | ||||
Tax expense | - | --- | ||||
(Loss)/Profit for the year | 38,223 | 132,348 | ||||
Other comprehensive income | - | -- | ||||
Total comprehensive income/Loss | 38,223 | 132,348 | ||||
Attributable to: | ||||||
Owners of the Company | 50,207 | 138,136 | ||||
Non-controlling interest | (11,984) | (5,788) | ||||
Total comprehensive | ||||||
Profit/Loss for the year | 38,223 | 132,348 | ||||
Earnings Per Share | 16 | 0.051K | 0.22k |
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Academy Press plc published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 13:31:03 UTC.