Tripple Gee & Company Plc reports profit after tax of N49.7 million in Q2 2021.

Tripple Gee & Company Plc released its unaudited financial results for the second quarter of the year ended 30th of September, 2021.

  • Turnover during the period was N371.47 million. (-55.4% YoY)
  • Cost of sales stood at N188.8 million. (-73% YoY)
  • Distribution and administrative expenses totalled N108.75 million. (+87.1% YoY)
  • An operating profit of N73.9 million was recorded.
  • Total assets during the period stood at N3.48 billion. (+79.3 YoY)
  • Profit after tax was N49.7 million. (+41.4 YoY)
  • Earnings per share of 10.04 kobo Vs 7.10 kobo YoY.

See link to results.

Africa Prudential’s profit after tax dips by 18% to N1.15 billion in 9M 2021.

Africa Prudential Plc released its interim results for the nine months period ended 30th of September, 2021.

  • Gross revenue during the period stood at N2.45 billion. (-7.04% YoY)
  • Personnel expenses totalled N454.5 million. (-2.2% YoY)
  • Deposits from customers totalled N7.55 billion. (-12.6% YtD)
  • Total assets during the period stood at N17.03 billion.
  • Profit after tax of N1.15 billion. (-18.3% YoY)
  • Earnings per share of 58 kobo Vs 71 kobo YoY.

See link to results.

2021 9M Results: UBA grows profit by 36% to N104.6 billion.

United Bank for Africa Plc (UBA) released its interim results for the nine months period ended 30th of September, 2021.

  • Net interest income for the period was N229.3 billion. (+1.7% YoY)
  • Net fee and commission income of N67.92 billion. (+20.8% YoY)
  • Operating income was N331.7 billion. (+12.9% YoY)
  • Operating expenses totalled N206 billion during the period. (+6.9% YoY)
  • Deposits from customers stood at N6.08 trillion during the period.
  • Profit for the period was N104.6 billion. (+35.6% YoY)
  • Earnings per share of N2.94 Vs N2.16 YoY.

See link to results.

2021 9M Results: NPF Microfinance Bank boosts profit after tax by 40% to N766.17 million.

NPF Microfinance Bank Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.

  • Gross earnings for the period stood at N4.33 billion. (+33.7% YoY)
  • Net interest income of N3.44 billion. (+31.8% YoY)
  • Fee and commission income of N437.6 million. (+19.5% YoY)
  • Personnel expenses totalled N1.4 billion. (+15.7% YoY)
  • Profit for the period was N766.17 million. (+40.2% YoY)
  • Earnings per share of 34 kobo Vs 24 kobo YoY.

See link to results.

Unilever Nigeria Plc grows profit by 153% to N1.08 billion in 9M 2021.

Unilever Nigeria Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N58.7 billion. (+31.3% YoY)
  • Cost of sales stood at N42.9 billion. (+23% YoY)
  • Administrative and marketing expenses totalled N12.4 billion. (+28.8% YoY)
  • An operating profit of N675.2 million was recorded during the period.
  • Profit for the period was N1.08 billion. (+152.6% YoY)
  • Earnings per share of 19 kobo Vs -36 kobo YoY.

See link to results.

2021 9M Results: Stanbic IBTC’s profit after tax slumps by 40% to N39.95 billion.

Stanbic IBTC Holdings Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.

  • Net interest income for the period was N54 billion. (-4% YoY)
  • Non-interest revenue stood at N69.3 billion. (-29.7% YoY)
  • Operating expenses totalled N79.3 billion. (+12% YoY)
  • Total assets during the period stood at N2.75 trillion
  • Profit for the period was N39.95 billion. (-39.6% YoY)
  • Earnings per share of N2.93 Vs. N5.80 YoY.

See link to results.

P Z Cussons Nigeria Plc grows profit after tax by 209% to N231.09 million in Q1 2021.

PZ Cussons Nigeria Plc released its unaudited financial statement for the first quarter of the year (Q1, 2021) ended 31st of August 2021.

  • Revenue for the period was N22.2 billion (+18.7% YoY).
  • Cost of sales stood at N16.52 billion. (+19.6% YoY)
  • Administrative expenses totalled N1.81 billion. (+2.4% YoY)
  • An operating profit of N1.51 billion was recorded during the period (+99.3% YoY)
  • Profit for the period was N231.09 million. (+208.8% YoY)
  • Earnings per share of 6 kobo. (+220% YoY)
  • Operating margin of 7% Vs 4% YoY.

See link to results.

BOC Gases Nigeria Plc rebrands, changes name to Industrial and Medical Gases Nigeria Plc.

BOC Gases Nigeria Plc has announced a rebrand and change of its name to Industrial and Medical Gases Nigeria Plc. This follows the acquisition of a majority stake in the company by TY Holdings Limited, a company linked to former minister of defence and retired military general, Mr Theophilus Yakubu Danjuma.

Recall that TY Holdings Limited had recently acquired additional 249,746,823 ordinary shares of BOC Gases Nigeria Plc, translating to about 60% of the latter’s total shareholding. The deal is in addition to an already existing 12% stake already held by the former, thereby raising its total stake in BOC Gases Nigeria Plc to 72%. Prior to the deal, the majority stakes of BOC Gases Nigeria Plc were held by BOC Holdings UK (a member of the Linde Group).

Sequel to the conclusion of the deal, a change in the ownership structure of BOC Gases Nigeria Plc was approved to reflect the new reality. This resulted in the change of the Company’s logo and trademark. Consequently, the company obtained a new certificate of incorporation from the Corporate Affairs Commission.

The recent development was confirmed through a statement signed by the Managing Director of the Company, Ayodeji Oseni, and filed with the Nigerian Exchange Limited (NGX). The statement read: ‘This is to notify Nigerian Exchange Limited, our shareholders and the investing public that BOC Gases Nigeria Plc (the Company) has changed its name to INDUSTRIAL AND MEDICAL GASES NIGERIA PLC.

‘’The change of name is sequel to the purchase of 60% of BOC Gases Nigeria Plc, which was formerly controlled by BOC Holdings UK (a member of the Linde Group) by TY Holdings Limited. This has also resulted in the change of the Company’s logo and trademark.

‘’The Company has obtained a new certificate of incorporation from the Corporate Affairs Commission.’’

PZ Cussons Nigeria Plc grows profit after tax by 124% to N1.7 billion in FY 2020

PZ Cussons Nigeria Plc released its consolidated financial statements for the year ended 31st of May, 2021.

  • Revenue for the period was N82.6 billion. (+23% YoY)
  • Cost of sales stood at N59.5 billion. (+2% YoY)
  • Administrative expenses totalled N6.5 billion. (+19.3% YoY)
  • An operating profit of N1.19 billion was generated.
  • Profit after tax was N1.7 billion. (+124% YoY)
  • Earnings per share of 37 kobo (+121% YoY).

See link to results.

2021 Q2 Results: Northern Nigeria Flour Mills Plc grows profit after tax by 17% to N90.9 million.

Northern Nigeria Flour Mills Plc released its unaudited financial results for the second quarter of the year (Q2, 2021) ended September 30, 2021.

  • Revenue for the period was N4.45 billion. (+82.3% YoY)
  • Cost of sales stood at N4.13 billion. (+87.6% YoY)
  • Administrative expenses totalled N182.3 million. (+82.6% YoY)
  • An operating profit of N120.13 million was generated.
  • Profit after tax was N90.9 million. (+16.8% YoY)
  • Earnings per share of 51 kobo Vs 44 kobo YoY.

See link to results.