26 June 2023

ROYAL EXCHANGE PLC

(RC: 6752)

1ST QUARTER 2023 EARNINGS FORECAST

ROYAL EXCHANGE PLC RC: 6252

34-36Oshodi-Apapa Expressway

T.

+234 1 460 6690 - +234 1 460 6699

Oshodi, Lagos, Nigeria

E.

info@royalexchangeplc.com

P.O. Box 112, Lagos

W.

www.royalexchangeplc.com

Directors:

Mr. Kenneth Ezenwani Odogwu (Chairman), Chief (Dr.) Anthony Ikemefuna Idigbe (SAN), Alhaji Ahmed Rufa'i Mohammed, Mr. Adeyinka Adekunle Ojora, Mr. Hewett Benson (Group Coordinator)

Forecast Statement of Comprehensive Income

1ST QUARTER 2023

FORECAST

INCOME

N'000

INTEREST INCOME

404

INTEREST EXPENSE

(56)

NET INTEREST INCOME AFTER IMPAIRMENT

348

Impairment (charge)/writeback

-

NET INTEREST INCOME AFTER IMPAIRMENT

348

Fee and Commission Income - Finance

842

Investment Income

117,938

Investment in Associate

-

ECL Impairment Allowance

-

Other Income

-

NET EARNINGS

119,128

Management Expenses

61,660

Finance Cost

17,715

TOTAL OPERATING EXPENSES

79,375

Profit before Taxation and exceptional Income

39,753

Income Tax Expense

(12,721)

PROFIT AFTER TAX

27,032

NGOZI ONU

FOR: MAZARS OJIKE & PARTNERS

COMPANY SECRETARY

Royal Exchange Plc.

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Disclaimer

Royal Exchange plc published this content on 13 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2023 14:05:09 UTC.