(Photo Credit: Today)
E-Tranzact International has released its earnings forecast for the period ended First Quarter (Q1) 2021. The company projected it will generate NGN3.8 billion as revenue for three months from January to March next year.
The company also stated that its Gross Profit will hit NGN393.1 million during the period of forecast, as Cost of Sales for first quarter next year is estimated at NGN3.4 billion within the first three months of 2021.
E-Tranzact forecast that Operating Profit will hit NGN43,4 million in first quarter 2021, while Investment Income is projected to hit NGN13.2 million.
Profit Before Tax for E-Tranzact within Q1 next year is estimated at NGN53.1 million. The company says NGN17.02 million will be paid as shares during the same period.
Profit After Tax is forecasted to reach NGN36.1 million in first quarter of next year.