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Companies - December 2, 2020

Quick Take: Eterna Plc Releases Q1 2021 Earnings Forecast

Eterna Plc, a Lagos-based petroleum products manufacturer, released its Q1 2021 earnings forecast earlier today with a Profit After Tax of N106.4 million. The regulatory filing also projected that revenue for the first three months of the new year will stand at about N21 billion.

The Q1 earnings forecast comes on the heels of an impressive financial performance so far reported by the company for 2020.

Checks by Business Elites Africa has shown that despite the economic fallouts of the COVID-19 pandemic, Eterna Plc’s Profit After Tax for Q3 2020 increased by 28.9% to N193.5 million, up from N150.1 million during the comparable period in 2019.


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