WorldStage Newsonline– R.T Briscoe Nigeria Plc has released its financial statements for the year 2021 and first quarter ended 31 March 2022 with increase in losses despite increase in revenue.
While revenue for the full year 2021 rose to N11.899 billion from N6.478 billion in 2020, loss for the year after tax rose to N2.299 billion from N1.096 billion loss in 2020.
Similarly in first quarter ended 31 March 2022, loss for the period rose by 10.9% to N553.028 million from N498.475 million in Q1 2021.
Revenue for the Q1 however rose by 195% to N3.324billion from N1.125 billion in Q1 2021.
