Arbico forecasts N116m profit for Q4 2020

WorldStage Newsonline– Arbico Plc, a full service building and civil engineering construction company has released its earnings forecast for the fourth quarter (4Q) for the Period Oct-Dec 2020 to the Nigerian Stock Exchange (NSE) with a projected revenue of N1.90 billion and profit of N116.325 million for the period.

The company projected a significant improvement in cash and cash equivalents at the end of the year to N8.788 million from a negative N15.104 million at the beginning of the quarter.

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