C&I Leasing, a leasing and business services conglomerate in Nigeria, has projected its earnings forecast for the fourth quarter of 2023.
According to a statement, profit after tax is projected to be N178.05 million compared to N173.26 billion recorded in the previous quarter.
The conglomerate projects N5.96 billion as revenue in Q4 compared to N6.31 billion recorded in Q3. Profit before tax is projected to be N303.9 million, compared to N339.09 billion.
Cash from operating activities was projected to be N2.63 billion, and cash flow from investing activities is projected to be at a loss of N384.37 million. Cash flow from financing activities is projected to also be at a loss of N2.01 billion.
Cash and balance at the end of 2023 is projected to be N558.9 million.
