WorldStage Newsonline– Learn Africa Plc, a quoted company on the Nigerian Stock Exchange which is into publishing and distribution of educational materials for all levels of learning has released its audited financial statements for the year ended 31 March 2020 http://www.nse.com.ng/Financial_NewsDocs/31320_LEARN_AFRICA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_.pdf with 17.53% decline in revenue at N2.869 billion from N3.479 billion in 2019 while profit after taxation dived by 50.61% to N79.992 million from N161.960 million
The directors in submitting to the shareholders the financial statements for the year ended 31 March 2020, proposed payment of dividend of 5k per ordinary share of 50 Kobo each for the year ended 31 March 2020 down from 15k paid in 2019.
Meanwhile, the company recorded a profit after tax of N17.931 million in its first Quarter from 1st April 2020 to 30th June 2020 from N188.665 loss in Q1 2019.
Its Unaudited Financial Statement for the period separately released on the NSE http://www.nse.com.ng/Financial_NewsDocs/31325_LEARN_AFRICA_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_.pdf showed that revenue improved to N207.166 million from N168.578 million in Q1 2019.
