RED STAR EXPRESS : EARNINGFORCAST

RED STAR EXPRESS PLC
CASHFLOW FORECAST FOR THE FIRST QUARTER
(APRIL 2023 TO JUNE 2023)
	N'000
Cash flows from operating activities:
Cash receipts from customers	3,243,506
Payment to suppliers and employees	(2,692,996)
Taxes paid		(187,303)
Net cash provided by operating activities		363,207
Cash flows from investing activities:
Purchase of Intangible assets	-
Acquisition of Property, Plant & Equipment	(265,599)
Additions to Right of Use Assets		-
Net cash provided by investing activities		(265,599)
Cash flows from financing activities:
Term Loan repayment - Principal	(33,000)
Interest Paid		(30,922)
Net cash provided by financing activities		(63,922)
Net (decrease)/increase in cash and cash equivalents	33,686
Cash and cash equivalents at the beginning of the Quarter	617,574
Cash and cash equivalents at the end of the period	651,260

RED STAR EXPRESS PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FORECAST

FOR THE FIRST QUARTER (APRIL 2023 - JUNE 2023)

	N'000
Turnover	3,426,040
Cost of sales	(2,870,511)
Gross Profit	555,529
Other income	1,714
Interest and similar charges	(30,922)
Administrative expenses	(294,465)
Total Operating Expenses	(323,673)
Profit Before Tax	231,856
Estimated income tax	(76,512)
Profit After Tax	155,343

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 FOURTH QUARTER (JANUARY 2023 - MARCH 2023)

	N'000
Turnover	3,426,040
Cost of sales	(2,870,511)
Gross profit	555,529
Marketing, Distribution &
Administrative expenses	(294,465)
Other Income	1,714
Interest Income
Interest Payable & Similar Charges	(30,922)
Profit/Loss Before Tax	231,856
Forecast Taxation	(76,512)

VALENTINE ONYIBO	Auwalu Babura
CHIEF FINANCIAL OFFICER (CFO)	Group Managing Director
FRC/2013/ICAN/00000003908	FRC/2016/ICAN/00000014402