Month: March 2021

2020 FY: UBA posts N113.77 billion profit after tax as earnings per share prints at N3.20

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United Bank for Africa Plc released its full-year results for the year ended December 2020.

  • Net Interest Income after adjusting for impairments was N232.46 billion. (+14.2% YoY)
  • Profit before tax was N131.86 billion. (+18.5% YoY)
  • Earnings per share of N3.20 vs N2.52. (+27.0% YoY)
  • Deposits from customer was N5.68 trillion (+48.1% YoY)
  • Loans and advances to customer was N2.55 trillion (+23.96% YoY)
  • A final dividend of N0.35 was proposed. (-56.25% YoY)

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2020 FY Results: Champion Breweries Plc reports a revenue growth of 1.80% in 2020

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Champion Breweries Plc released its audited results for the year ended 31st December 2020.

  • Revenue for the year was N7.05 billion. (+1.80% YoY)
  • Operating expenses during the year was N1.58 billion. (-9.56% YoY)
  • Profit for the year summed N158.79 million. (-5.77% YoY)
  • Earnings per share at the end of the year was 2kobo.
  • The Board of Directors made no dividend recommendation.
  • The company share price closed at N1.84k on March 8, 2021, appreciating by 113.95% YTD.

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Seplat falls into a loss in FY 2020

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Seplat Petroleum Development Company Plc released its full-year 2020 results.

  • Revenue for the period was N190.92 billion. (-10.85% YoY)
  • Operating expenses during the year was N79.34 billion. (+116.82% YoY)
  • The company reported a loss after tax of N30.71 billion. 
  • It reported a loss per share of N46.42 in the 2020 full year.
  • The Board recommended a final dividend of N19 per share.
  • The company share price is trading at 539.9 ( 34.20% YTD).

See link to results.

2020 FY Results: Cornerstone Insurance Plc reports a 61.1% decline in profit

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

  • Net premium income of N5.88 billion.(-10.7% YoY)
  • Profit before Tax was N1.67 billion. (-58.5% YoY)
  • Net claims for the year was N3.47 billion (+13.2% YoY)
  • Underwriting profit was N1.93 billion (-27.6% YoY)
  • Profit for the year was N1.6 billion. (-61.1% YoY)
  • Earnings per share printed at 11 kobo. (-60.7% YoY)
  • A dividend of 45 kobo was declared.

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Ellah Lakes increases operating expenses by 33.36% in HY 2020

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Ellah Lakes Plc released its half-year financial results reporting zero revenue while increasing its operating expenses during the year.

  • Operating expenses during the period was N164.06 million. (+33. 36% YoY)
  • The company reported an operating loss of N164.06 million. ( +33.36% YoY)
  • It reported a loss per share of 8kobo in HY 2020 compared to 4kobo loss per share in HY 2019. (-100% YoY)
  • No dividend announcement was made in their press release.
  • The company share price stood at N4.25, maintaining the same price YTD.

See link to results.

2020 FY Results: Nigerian Breweries reports a 54.3% decline in profits in 2020

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Nigerian Breweries Plc released its audited results for the year ended December 2020.

  • Revenue for the year was N337.00 billion. (+4.3% YoY)
  • Profit for the year was N7.53 billion in 2020. (-54.3% YoY)
  • Earnings per share for the period under review was 92kobo. (-54.2% YoY).
  • The leading brewer proposed a final dividend of 69 kobo per share. (2019: 151 kobo per share)
  • The company share price of N50, as of 4th of March 2021, is -10.72% down year to date.

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Abbey Mortgage Bank projects N51.08 million profit in Q2 2020.

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Abbey Mortgage Bank has released its earnings forecasts for the second quarter of 2021.

  • Gross Earnings is projected at N560.97 million. (-13.7% QoQ)
  • Interest income projected at N455.9 million. (-11.6% QoQ)
  • Operating Expenses projected at N275.8 million. (-17.3% QoQ)
  • Profit Before Tax is projected at N75.12 million. (-15.05% QoQ)
  • Taxation projected at N24.03 million, (-15.05% QoQ)
  • Profit After Tax projected at N51.08 million.(-15.05% QoQ)

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Dangote Sugar increases post tax profit by 33%, as earnings per share prints at N2.45

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Dangote Sugar released its full-year results for the year ended 31 December 2020.

  • Revenue during the year was N214.30 billion. (+33.03% YoY)
  • Operating profit during the year was N44.44 billion. (+48.47%YoY)
  • The company reported a profit after tax of N29.78 billion. (+33.16% YoY)
  • Earnings per share N2.45 vs N1.87. (+31.02% YoY)
  • A dividend of N1.50k was proposed by the Board of Directors.
  • The company share price is trading at N16.50. (-6.25% year to date)

See link to results.

FY 2020: Ardova Plc posts N1.86 billion Profit After Tax

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Ardova Plc (formerly Forte Oil Plc) released its full-year results for the year ended 31 December 2020.

  • Revenue during the year was N181.94 billion. (+3.1% YoY)
  • Cost of Sales for the year was N169.81 billion. (+2.7% YoY)
  • Net Finance cost was N1.23 billion during the year. (+355.6% YoY)
  • Profit After Tax (PAT) for the year was N1.86 billion. (-52.5% YoY)
  • Earnings per share N1.42k vs. N3.00k. (-52.7% YOY)
  • The company share price was trading at N14.65, as of when the result was released.(+8.1% year to date)

 

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FY 2020: Africa Prudential posts N1.45 billion Profit After Tax.

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Africa Prudential Plc released its full-year results for the year ended December 2020.

  • Gross revenue during the year was N3.51 billion. (-10.2% YoY)
  • Operating expenses for the year was N1.57 billion (-8.42% YoY).
  • Profit After Tax during the year was N1.45 billion (-13.98% YoY).
  • A dividend of 50 kobo per share was proposed
  • Earnings Per Share 72 kobo vs 84 kobo (-14.29% YoY).

See link to results