BY BAMIDELE FAMOOFO
Eterna Plc, one of Nigeria’s oil marketing companies, is optimistic that it will record a profit after tax of about N1.32 billion in the last quarter of the financial year ending December 31, 2022.
The company, according to the financial projection figures submitted to the Nigerian Exchange Limited, noted that its revenue base will hit N122.53 billion at the end of the last quarter while cost of sales will gulp about N115.25 billion, leaving a gross profit of about N7.28 billion.
Marketing, distribution and administrative expenses will gulp about N4.51 billion while taxation is expected to be in the range of N619 million.
Further breakdown of the financial projections showed that cash used in operating activities and operating cash flow before working capital will stand separately at N7.94 billion and N8.18 billion.
