Red Star Express has released its unaudited financial results for the first quarter, spanning April to June 2024. The company reported a turnover of ₦4.5 billion for 2024, a significant increase from ₦3.3 billion recorded in the same period in 2023. Profit before tax (PBT) rose to ₦154 million, compared to ₦121 million in 2023, while profit after tax (PAT) grew to ₦104 million, up from ₦81 million in the previous year.
These results reflect Red Star Express’ continued growth and solid performance in the logistics industry. The company remains committed to delivering value to its stakeholders through strategic initiatives and operational efficiency.