Author: Blurb

Custodian Investment Plc to hold AGM on April 22nd.

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The Board of Custodian Investment Plc has announced that it will host its Annual General Meeting on the 22nd of April, 2021. Sequel to this, the following cogent issues will be considered;

  • Its audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • Its proposed dividend will be officially declared.
  • To re-elect the following Directors retiring by rotation; Messrs Ravi Sharma and Olakunle Ade-Ojo.
  • To raise the naira equivalent of $15 million as additional capital through a convertible loan instrument.

For more information about the AGM, click HERE

2020 FY Results: Courteville Business Solutions Plc posts profit of N153.6 million.

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Courteville Business Solutions Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N1.69 billion. (-14.8% YoY)
  • Cost of sales was N693.1 million. (+22.3% YoY)
  • General and administrative expenses totaled N491.4 million. (-2% YoY)
  • Operating profit was N207.62 million. (-42.6% YoY)
  • Profit for the year was N153.6 million. (-3.84% YoY)
  • A dividend of 3 kobo per share was approved by the board.

See link to results.

Infinity Trust Mortgage Bank Plc projects profit after tax of N132.18 million in Q2 2021.

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Infinity Trust Mortgage Bank Plc has released its earnings forecasts for the second quarter of 2021.

  • Interest income is projected at N282.88 million
  • Net operating income is projected at N340.6 million
  • Operating expenses is projected at N187.53 million
  • Profit before tax is projected at N146.87 million
  • Tax is projected at N14.69 million
  • Profit after tax is projected at N132.18 million

See link to forecasts.

Aluminium Extrusion Industries Plc posts N149.38 million profit in FY 2020.

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Aluminium Extrusion Industries Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N2.33 billion. (-10.7% YoY)
  • The cost of sales was N2.06 billion. (-10.4% YoY)
  • Gross profit was N267.55 million. (-12.8% YoY)
  • Administrative and finance cost totaled N167.58 million. (-13.9% YoY)
  • Profit for the year was N149.38 million. (+133.6% YoY)
  • Earnings per share of 68 kobo vs 29 kobo YoY.
  • No dividend announcement was made.

See link to results.

Trans Nationwide Express Plc reports loss of N59.85 million in FY 2020.

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Trans Nationwide Express Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N668.6 million. (-15% YoY)
  • Direct costs of operation was N543.6 million (+6% YoY)
  • Gross profit was N125 million (-55% YoY)
  • The Company incurred a loss after tax of N59.85 million.
  • The total shareholders’ fund was N512.9 million. (-13% YoY)
  • Net assets per share was N109 (-13% YoY)

See link to results.

Ikeja Hotel Plc reports loss of N6.72 billion in FY 2020.

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

  • Revenue from contract with customers was N5.07 billion. (-59.5% YoY)
  • The cost of sales was N5.48 billion. (-38.7% YoY)
  • An operating loss of N6.5 billion, compared to a profit of N1.8 billion in 2019.
  • Administrative expenses was N6.72 billion (+265% YoY)
  • Loss for the year was N6.7 billion against a profit of N834.95 million in 2019.
  • Loss per share of N3.23.
  • No dividend announcement was made.

See link to results.

 

 

2020 FY Results: FCMB posts profit after tax of N19.6 billion.

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

  • Net interest income was N90.76billion. (+19.45% YoY)
  • Net fee and commission income was N19.6 billion. (-5.6% YoY)
  • Personnel expenses was N29.52billion (-0.3% YoY)
  • Profit for the year was N19.6billion. (+13.1% YoY)
  • Earnings per share was 98 kobo(+12.6% YoY)
  • A dividend of 15kobo was proposed by the Board of Directors.

See link to results.