Nigeria’s leading payment and switching company, E-Tranzact International Plc, has estimated about N365 million in profit after tax for the first quarter of the financial year 2025, details from its earnings forecast submitted on the Nigerian Exchange showed.
The company expects revenue to reach N2.204 billion in the first three months of operation in the current year. Its cost of sales is projected to settle at N291.458 million in the same period.
Due to this, gross profit is projected to settle at N1.913 billion in the first three months of operation in the financial year 2025. The company anticipates operating expenses to be huge, estimated at N1.446 billion.
This left E-Tranzact with N466 million as operating income in the same period. The company expects to boost its bottom line with investment income forecasted at N59.5 million.
Finance cost is estimated at N4.9 million and is expected to reduce profitability. At the end of the period, E-Tranzact hopes to see its pretax profit at N521.085 million. The company tax expenses are forecasted to settle at N156 million.
In the equities market, the share price of E-Tranzact has remained flat at N6.5 in the first two trading sessions in the New Year. This kept its stock market value at N59.799 billion on 9.199 billion shares outstanding.
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