Royal Exchange Plc declares N158.87m loss in Q1 2022

Royal Exchange Plc on Thursday published it First Quarter result for the period ended 31 March 2022.

A turnover of N1.13 billion for the 3 months period, down by 84.67% from N7.4 billion reported the previous year.

A loss after tax of N158.87 million was reported in Q1 2022 as against the profit after tax of N22.76 million reported the previous year.

Earnings per share of the Company stands at -3 kobo.

At the share price of N1.02, the P/E ratio of Royal Exchange stands at -33.04x with earnings yield of -3.03%.

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