WorldStage Newsonline– Studio Press Nigeria Plc, a printing and manufacturing company involved in lithographic printing and manufacturing cartons, light packaging materials and labels has announced its earnings and profit forecast for the first quarter ending 31st March 2021 with revenue projection of N2.490 billion, up from N2.235 billion for fourth quarter ending 31st December 2020.
However, the company is expecting a bigger loss after tax of N187.977 million in Q1 2021 compared with a projected loss of N164.704 million in Q4 2020.
The company is also projection a drop in cash and cash equivalent at the end of period to N243.973 million from N249.009 million at the beginning.
WorldStage earlier reported the company’s earnings and profit forecast for the fourth quarter ending 31st December 2020.
