BUSINESS
Red Star Express Grows Profit By 44.27% In Q1 2022

Red Star Express Plc has released its unaudited financial highlights for the fourth quarter and year ended 31st March, 2022 with 79.16% drop in profit after tax to N38.887 million in the Q4 from N186.608 million in Q4 2021.
However, profit for the full year rose by 44.27% to N265.698 million from N184.170 in 2021.
While the turnover for the Q4 rose to N3.465 billion from N2.854 billion in 2021, the figure for the full year rose N12.662 billion from N9.449 billion in 2021.



