Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Rak Unity Petroleum Company Plc released its 2021 FY results reporting total 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 N63.02 million in 2020 compared to N14.52 million loss after tax in 2019.
• It reported a loss per share of N1.11  in 2020 compared to N0.26 loss per share reported in 2019.
• No dividend announcement was made in their press release.
• The company share price of N0.30 unchanged YTD.

See link to results here