Month: March 2021

 2020 FY Results: Linkage Assurance Plc records a 65% increase in profit after tax.

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Linkage Assurance Plc released its full-year results for the year ended 31st December, 2020.

  • Net premium income of N4.45 billion. (+20% YoY)
  • Net claims expenses was N1.4 billion (-17% YoY)
  • Underwriting profit of N825.6 million. (+102% YoY)
  • Profit after tax was N2.4 billion. (+65% YoY)
  • Earnings per share of 24 kobo vs 14.5 kobo YoY.
  • A bonus share issue of two shares for every five shares held by existing shareholders was proposed.
  • A cash dividend of 5 kobo per share was also proposed.

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Glaxo SmithKline Consumer Nigeria Plc posts a profit of N622.2 million in FY 2020.

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Glaxo SmithKline Consumer Nigeria Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N21.3 billion. (+2.6% YoY)
  • Cost of sales was N15.4 billion. (+4.6% YoY)
  • Administrative expenses totaled N1.59 billion. (-17.6% YoY)
  • Profit after tax was N622.2 million. (-32.2% YoY)
  • Earnings per share of 52 kobo vs 77 kobo YoY.
  • A dividend of 40 kobo was proposed.

See link to results.

Unilever Nigeria Plc posts loss of N3.97 billion in FY 2020.

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Unilever Nigeria Plc released its full-year audited results for the year ended 31st December 2020.

  • Revenue for the year was N61.96 billion. (+2.4% YoY)
  • Cost of sales was N49.16 billion. (-11.8% YoY)
  • Marketing and administrative expenses totaled N12.4 billion. (-6.7% YoY)
  • Loss after tax was N 3.97 billion
  • Loss per share of -69 kobo Vs -N1.29 YoY.
  • No dividend announcement was made.

See link to results.

2020 FY Results: NEM Insurance Plc reports a 112% increase in profit after tax.

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NEM Insurance Plc released its full-year results for the year ended December 2020.

  • Net premium income of N15.9 billion. (+25.7% YoY)
  • Total claims paid during the year was N6.05 billion (+53.8% YoY)
  • Underwriting profit of N5.98 billion. (+37.5% YoY)
  • Profit after tax for the year was N5.08 billion. (+112.3% YoY)
  • Earnings per share of 96 kobo Vs 45 kobo.
  • The Shareholders’ fund of the company increased by 4.3 billion representing a 30.2% rise YoY.
  • A final dividend of 9 kobo was proposed.

See link to results.

Capital Hotel Plc reports loss of N241.9 million in FY 2020.

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Capital Hotel Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N1.95 billion. (-62.5% YoY)
  • Cost of sales was N2.31 billion. (-44.5% YoY)
  • Administrative expenses totaled N558.5 million. (-20.5% YoY)
  • An operating loss of N488.8 million was incurred.
  • Loss after tax was N241.9 million.
  • Loss per share was 16 kobo.
  • No dividend announcement was made.

See link to results.

2020 FY Results: Union Homes Real Investment Trust posts profit of N389.7 million.

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Union Homes Real Investment Trust released its full-year results for the year ended 31st December 2020.

  • Investment income was N570.8 million. (+3.2% YoY)
  • Operating expenses was N179.1 million. (-4.1% YoY)
  • Profit after tax was N389.7 million. (+11.14% YoY)
  • Earnings per unit of N2.07 Vs N1.86 YoY.
  • Net Asset Value totaled N9.87 billion. (+0.6% YoY)

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2020 FY Results: Caverton Group Plc records 73% decline in profit after tax.

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Caverton Offshore Support Group Plc released its full-year results for the year ended 31st December 2020.

  • Revenue from contracts with customers was N32.17 billion. (-8% YoY)
  • Cost of sales was N18.6 billion. (-8% YoY)
  • Administrative expenses totaled N6 billion. (-15% YoY)
  • Operating profit was N5.29 billion. (-50% YoY)
  • Profit after tax was N1.18 billion. (-73% YoY)
  • Earnings per share of 35 kobo vs N1.29 YoY.
  • A dividend of 10 kobo was proposed by the Board.

See link to results.

BOC Gases Nigeria Plc reports profit of N292.1 million in FY 2020.

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BOC Gases Nigeria Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N3.17 billion. (+3.3% YoY)
  • Cost of sales was N1.66 billion. (-0.5% YoY)
  • Administrative expenses totaled N648.9 million. (+6.2% YoY)
  • Profit for the year was N292.11 million. (+35.3% YoY)
  • Earnings per share of 70 kobo vs 52 kobo YoY.
  • A final dividend of 50 kobo was proposed

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RAK Unity Petroleum Plc posts loss of N64.2 million in FY 2020.

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RAK Unity Petroleum Company Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N1.41 billion. (-68% YoY)
  • Cost of sales was N1.32 billion. (-68.8% YoY)
  • Operating expenses totaled N153.54 million. (-32% YoY)
  • Operating loss was N63.7 million. (-147.4% YoY)
  • Loss for the year was N64.2 million. (-61.4% YoY)
  • Loss per share of N1.13 vs 70 kobo YoY.

See link to results.