INCOME STATEMENT

Annual Income statement dated 31 Dec 2017


N’000

Revenue

299,153,305

Cost of sales

(248,393,638)

Gross profit

50,759,667

Administrative expense

(41,594,520)

Selling and distribution cost

(3,685,666)

other income

4,069,524

Operating (expense)/ income

(1,663,499)

Operating profit

7,885,506

Finance income

1,438,980

Finance cost

(43,216,500)

Loss before minimum Tax

(34,032,277)

minimum Tax

(287,672)

Loss after minimum tax

(34,319,949)

Taxation

(281,460)

Loss for the period

(34,601,409)

Other comprehensive income

18,596,129

total comprehensive loss

(15,782,377)

Basic earnings per share

26

Diluted earnings per share

26

 
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