The Initiates Plc reports a loss of N61.7 million in HY 2021.

The Initiates Plc released its unaudited half year results for the period ended June 30, 2021.

• Revenue for the period was N120.23 million. (-51.2% YoY)
• Direct cost of N96.07 million. (-47.6% YoY)
• Total assets for the period stood at N1.05 billion. (-7.6% YoY)
• Loss for the period was N61.07 million.
• Earnings per share of 0.07 kobo Vs -0.01 kobo YoY.
• Return on assets of 0.12% Vs 0.22% YoY.

See link to results.