eTranzact International Plc, Nigeria’s payment and switching company, has estimated about N365 million in profit after tax for the first quarter of the financial year 2025.
This is according to the firm’s earnings forecast submitted on the Nigerian Exchange Group, where it expects revenue to reach N2.2 billion in the first three months of operations in the current year.
The firm’s finance cost estimated at N4.9 million is expected to reduce profitability.
eTranzact projects a profit before tax of N521.09 million at the end of the period. The company also projected its tax expenses to be at N156 million.
In the equity market, the share price of eTranzact has remained flat at N6.5 in the first two trading sessions of the New Year. This kept its stock market value at N59.8 billion on 9.199 billion shares outstanding.
Costs of sales are projected to settle at N291.5 million during the period. Due to this, gross profit is projected to settle at N1.91 billion in the first three months of operation in the financial year 2025.
The company anticipates operating expenses to be huge, estimated at N1.45 billion which left eTranzact with N466 million as operating income in the same period.
The company expects to boost its bottom line with investment income which is forecasted at N59.5 million.