Learn Africa forecasts 36.27% drop in profit

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 earnings forecast for the first quarter period ended June 30, 2021 with revenue growth to N354.237 million from N207.166 million in 2020.

However, the company is expecting a decline in profit by 36.27per cent to N11.428 million from N17.931 million in Q1 2020.

Learn Africa earning forecast for period ended 31 January 2021 (Q4) with revenue N2 billion down from N2.869 billion in Q4 2020.