trending Market Intelligence /marketintelligence/en/news-insights/trending/kzpOtNqfQgf7ORqgH02qhw2 content esgSubNav
In This List

Secure Electronic Technology Q1 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Secure Electronic Technology Q1 profit falls YOY

4988671 said its first-quarter normalized net income came to 13.1 million nairas, a decline of 7.3% from 14.2 million nairas in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.7% from 0.8% in the year-earlier period.

Total revenue climbed 6.8% on an annual basis to 1.90 billion nairas from 1.78 billion nairas, and total operating expenses rose 6.9% from the prior-year period to 1.88 billion nairas from 1.76 billion nairas.

eported net income decreased 7.3% on an annual b Secure Electronic Technology PLC