Redstar Express Plc 2022 Annual Report

Redstar Express Plc (REDSTA.ng) 2022 Annual Report

By Published On: January 19, 2023TYPE: Annual ReportsYear: 2022Period: Country: NigeriaSector: Transport

Redstar Express Plc (REDSTA.ng) listed on the Nigerian Stock Exchange under the Transport sector has released it’s 2022 annual report.

The Nigerian economy faced challenges from within and outside its environment in the 2021 financial year, with a growth rate of 3.4% and inflation rate of 15.92%. Despite these challenges, the company posted a 33% increase in revenue and improved numbers across all performance indices. The company is committed to good corporate governance, ethical business practices, and promoting the long-term interests of all stakeholders. The company is also committed to corporate social responsibility and has established a policy focusing on Environment, Social and Governance (ESG). The company has recommended a dividend payment of 7.5 kobo and two new managers were appointed to the management team.

For more information about Redstar Express Plc (REDSTA.ng) reports, abridged reports, interim earnings results and earnings presentations visit the Redstar Express Plc (REDSTA.ng) company page on AfricanFinancials.

Redstar Express Plc 2022 annual report

Company Profile

Redstar Express Plc offers an air express service in Nigeria and provides transportation, warehousing and supply chain management services. Its services encompass international and domestic express delivery, freight forwarding, integrated logistics solutions, information and document management solutions, warehousing and e-commerce solutions. Domestic products include Red Star Express Domestic services for same day, priority and package collections. Domestic direct distribution streamlines the movement of shipments from the manufacturer to multiple end users; customer and address verifications services offer a streamlined express service for financial institutions and large corporations; bulk mail services are designed to move bulk items such as annual reports, share offer forms, share certificates, customer invoices and direct mail; special project services include product sampling, delivery and retrieval of promotional items. International products include a point-to-point delivery service, international inbound collections and direct distribution. Value added services include online tracking, signature proof of delivery, insurance, customs clearance, packaging and desktop software shipping solutions. Redstar Express Plc’s head office is in Lagos, Nigeria. Redstar Express Plc is listed on the Nigerian Stock Exchange