Eterna set to rake in 64.48% higher profit for Q3 2021 over Q2 forecast
Eterna Plc, a Nigerian firm which manufactures and sells a range of lubricants and petroleum products as well as supplies imported fuels for the retail, industrial, agricultural released its earnings forecast of third Quarter 2021 with a revenue projection of N53.791 billion compared with N38.818 billion forecasted for Q2.
The company also released a profit after taxation projection of N303.821 million which is 64.48% higher than N184.659 million forecasted for Q2.
The company is expecting cash equivalent at the end of the quarter to rise to N3.673 billion from N2.333 billion at the beginning.
Recall that Eterna forecasted N38.818 billion revenue for Q2 2021.