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REDSTAREX

RED STAR EXPRESS PLC

REDSTAREX · NGX · SERVICES
₦14.85
▼ ₦0.95 (-6.01%)
₦14.85 ₦15.17 ₦15.48 ₦15.80 ₦14.85 11:45 15:14 11:14
Day range
₦14.85 – ₦14.85
Year range
₦8.70 – ₦38.25
Open
₦15.80
Previous close
₦15.80
Market cap
₦14.17B
Volume (24h)
₦255.4K
Volume (52w)
₦3.78M
Performance
7D
▲ 0.68%
1M
▼ -4.19%
1Y
▲ 35.00%
YTD
▲ 55.50%
Key statistics
P/E ratio
0.10
EPS (TTM)
₦145.00
Dividend yield
1.82%
Dividend (TTM)
₦0.27
Payout ratio
—
Shares outstanding
954.4M
About RED STAR EXPRESS PLC

Red Star Express Plc, a prominent Nigerian logistics company, began its journey as Red Star Express Nigeria Limited, incorporated as a private limited company on July 10, 1992, and commencing business operations on October 12, 1992. The company expanded its reach significantly in 1994 by becoming a licensee for FedEx, a partnership that enables global express delivery services. In July 2007, Red Star Express transitioned into a public company, with its shares subsequently listed on the Nigerian Stock Exchange on November 14, 2007, solidifying its presence in the Nigerian market. Headquartered in Lagos, Nigeria, the company maintains an extensive network across Nigeria, with offices in over 160 locations and deliveries to more than 1,500 communities nationwide. Beyond its domestic operations, Red Star Express leverages its affiliations to serve an international clientele, delivering to over 220 countries and territories through the FedEx network, and extending its services to other West African nations like Niger and Benin. The core business of Red Star Express Plc encompasses a comprehensive portfolio of logistics solutions. This includes international and domestic express delivery of documents and parcels, freight services such as air and sea freight, clearing and forwarding, and import/export operations. The company also specializes in integrated logistics, offering warehousing, general haulage, supply chain distribution, and e-commerce solutions. Further diversifying its offerings, Red Star Express provides mail management services, information and document management solutions, packaging, food delivery, and agriculture logistics. The company operates through several wholly-owned subsidiaries, each focusing on specialized aspects of logistics: Red Star Logistics Limited handles domestic heavyweights, trucking, cargo consolidations, and warehousing; Red Star Freight Limited manages air and sea freight and customs clearance; and Red Star Support Services Limited provides mailroom management and outsourcing services, offering dedicated resources for various institutions.

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Country: Nigeria
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