Red Star Express Plc, in its 2018 Full year financial results submitted and released to the public by the regulatory body (Nigeria Stock Exchange) on the 28th, 2019 showed that the world leading courier and package delivery company in Nigeria improved its Profit after Tax by 34.15% from N347 million in FY’17 to the current period PAT of N466 million in 2018.
The company’s financial results also disclosed an upsurge of 19.7% topline figures of N10 billion recorded in the current period from N8.4 billion posted same period the previous year of 2017.
The earnings per share appreciated by 34.15% from N0.59 recorded in 2017 to N0.79 of the current period in2018
The current period’s PE Ratio as computed stands at 6.95x and the earnings yield at 14.38%.
Red Star Express Plc provides a portfolio of full logistic solutions which includes, but not limited to International and Domestic express delivery, Freight Forwarding, Integrated Logistics Solutions, Information and Document Management Solutions, Warehousing and E-commerce Solutions.