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The Initiates Plc (Nigeria)

Main Activities: Janitorial Services | Waste Treatment and Disposal | Remediation Services
Full name: The Initiates Plc Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

The Initiates Plc (TIP) is a professional Industrial Cleaning and Waste Management Company. The company was incorporated as a Private Limited Liability Company under the Laws of the Federation of Nigeria on the 3rd day of March 1995. It became a Public Limited Company on the 24th day of June 2015, and was listed on the Nigerian Stock Exchange (NSE) floor on the 25th day of October 2016. The company is engaged in Waste Management, E-waste, Industrial Cleaning & Decontamination for private and public sectors including the Oil and Gas Industry.

Headquarters
Plot 400,Location(New) Road, Off Aba/Ph Expressway By Oyigbo Junction, Umuebule 5, P.O.Box 7242
Port Harcourt; Rivers;

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Website: http://www.initiatesgroup.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1995
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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35.87%
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21%
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6.66%
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0.6%
Company Performance
Financial values in the chart are available after The Initiates Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net sales revenue
54.79%
Total operating revenue
54.16%
Operating profit (EBIT)
285.74%
EBITDA
194.07%
Net Profit (Loss) for the Period
487.98%
Total assets
25.84%
Total equity
31.74%
Operating Profit Margin (ROS)
12.69%
Net Profit Margin
8.38%
Return on Equity (ROE)
11.85%
Debt to Equity Ratio
-20.57%
Quick Ratio
0.17%
Cash Ratio
-0.2%

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