WorldStage Newsonline– Arbico Plc, a full service building and civil engineering construction company has released its earnings forecast for the first quarter (Q1) ended March 31, 2021 to the Nigerian Stock Exchange (NSE) with a projected revenue of N1.067 billion compared with N1.90 billion in fourth quarter 2020.
The company also projected a 75.26% drop in profit of N28.779 billion compared with N116.325 million for Q4 2020.
The company projected a slight improvement in cash and cash equivalents at the end of the quarter to N367.576 million from N350.564 million at the beginning of the quarter.
WorldStage earlier reported Arbico earnings forecast for the Q4 2020 with a projected revenue of N1.90 billion.
