Adebayo Obajemu
Royal Exchange Plc recently published its Audited Financial Statements for the year ended 31 December 2021.
The report shows year-on-year decline in the company’s top line and bottom line figures.
A turnover of N2.843 billion was reported for the 12 months period, down by 81.41% from N15.293 billion reported in Full Year 2020.
A loss after tax of N554.789 million was reported by the Company for the period under review. This translates to a decline of 619.42% when compared to the loss after tax of N77 million declared in 2020 year end.
Earnings per share of the company for the period under review stands at -11 kobo, down by 34.78% from -8 bobo EPS declared the previous year.
At the share price of N1.02, the P/E ratio of Royal Exchange Plc stands at -9.46x with earnings yield of -10.57%.
