[Apache]

Originally Posted by hispy99

Capital Expenditures do not show up in your income statement (except for depreciation), they show up in your balance sheet. For a company to make N3.22B one year after making a loss of N0.475B will require something special, especially given that the revenue was only N107M! WAPCO did not have a "revenue issue", I believe the loss they declared had a lot to do with high interest expense/operating expense. Even if we imagine a 70% net profit margin (who dash dem that kind margin?), they need a revenue of N4.6B to achieve that PAT. Do you see them hitting N4.6B from N107M? NSL's Q1 ended in March, so hopefully, they'll release some numbers soon.

But like you said, let's see what will happen.

Could have sworn i saw a similar post somewhere