Rak Unity Petroleum Company Plc Post N63 million post-tax loss in 2020 FY results

Rak Unity Petroleum Company Plc released its 2020 FY results reporting a revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

• Operating expenses during the year was N149.65 million in 2020 compared to N221.89 million in 2019. –32.56% YoY
• The company reported a loss after tax of N63.03 million in 2020 compared to N14.52 million loss after tax in 2019.
• It reported a loss per share of 1.11 kobo in 2020 compared to 0.26 kobo loss per share reported in 2019.
• No dividend announcement was made in their press release.
• The company share price of 0.30 kobo unchanged YTD.

See link to results.