Author: Blurb

2020 FY Results: Stanbic IBTC posts N83.2 billion profit after tax, as earnings per share prints N7.29.

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Stanbic IBTC Holdings Plc released its audited full-year results for the year ended 31st December 2020.

  • Net interest income was N74.21 billion. (-4.6% YoY)
  • Income after adjusting for credit impairment was N188.99 billion. (+2.2% YoY)
  • Operating expenses was N94.3 billion. (+0.3% YoY)
  • Profit for the year was N83.2 billion. (+11% YoY)
  • Earnings per share of N7.29. (+5.3% YoY)
  • A final dividend of N3.60 was announced.

See link to results.

Secure Electronic Technology Plc reports a loss of N31.85 million in FY 2020.

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Secure Electronic Technology Plc has released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N4.17 billion. (-3.5% YoY)
  • Administrative expenses totaled N209.1 million. (-18.5% YoY)
  • A loss after tax of N31.85 million was reported for the year.
  • Loss per share of 57 kobo Vs N1.75 YoY.
  • No dividend announcement was made.

See link to results.

Dangote Cement Plc posts N276.07 billion profit in FY 2020.

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Dangote Cement Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N1.034 trillion. (+16% YoY)
  • The cost of sales was N437.97 billion. (+15% YoY)
  • Operating profit was N386.73 billion. (+29% YoY)
  • Profit for the year was N276.07 billion. (+38% YoY)
  • Earnings per share of N16.14. (+38% YoY)
  • A dividend of N16 was recommended by the board.

See link to results.

Linkage Assurance Plc forecasts a profit after tax of N446.84 million in Q2 2021.

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Linkage Assurance Plc has released its earnings forecasts for the second quarter of 2021 (Q2 2021).

  • Gross premium is projected at N2.38 billion
  • Net claims is projected at N663.7 million
  • Underwriting and management expenses is projected at N1.5 billion
  • Profit before tax is projected at N558.54 million
  • Taxation is projected at N111.71 million
  • Profit after tax is projected at N446.84 million

See link to forecasts.

2020 FY Results: Ecobank Transnational Inc. posts N33.7 billion profit after tax.

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Ecobank Transnational Inc. released its full-year results for the year ended 31st December 2020.

  • Net interest income was N346.61 billion. (+27.8% YoY)
  • Operating income of N641.8 billion. (+9.4% YoY)
  • Operating expenses was N402.7 billion. (+3.7% YoY)
  • Profit after tax was N33.7 billion. (-66.1% YoY)
  • Earnings per share from continuous operations was N3.73 Vs N281.57
  • Customers’ deposits totaled N7.3 trillion. (+23.6% YoY)
  • No dividend announcement was made.

See link to results.

International Breweries Plc reports a loss of N12.4 billion in FY 2020.

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International Breweries Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N136.8 billion. (+3.4% YoY)
  • Cost of sales was N106.3 billion. (-0.8% YoY)
  • Gross profit was N30.47 billion. (+20.9% YoY)
  • Administrative expenses was N27.92 billion. (+6.7% YoY)
  • A loss after tax of N12.4 billion was reported for the year.
  • Loss per share of -47 kobo Vs -N1.16 YoY.
  • No dividend announcement was made.

See link to results.

Union Bank Plc posts N18.7 billion profit in FY 2020.

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Union Bank of Nigeria Plc released its full-year results for the year ended 31 December 2020.

  • Net interest income after adjusting for credit losses was N59.7 billion. (+14% YoY)
  • Net fee and commission income was N10.5 billion. (-7.2% YoY)
  • Operating income was N104.13 billion. (+9.4% YoY)
  • Profit After Tax was N18.7 billion. (-6.1% YoY)
  • Total expenses was N78.4 billion. (+10.5% YoY)
  • Customers deposits totaled N1.13 trillion (+27.1% YoY)
  • Earnings per share from continuing operations printed 85 kobo. (+2.14% YoY)
  • A dividend of 25 kobo was announced.

See link to results.

The Bank re-scheduled the time for its Investors call fixed on the 22nd of March 2021, from 3:00 pm to 2:00 pm. Sequel to this, interested participants are urged to register via the following link: https://www.diamondpass.net/2935416

2020 FY Results: GT Bank posts N201 billion profit after tax.

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GT Bank Plc released its full-year results for the year ended 31 December 2020.

  • Net interest income after adjusting for loan impairments was N234.1 billion. (+3.4% YoY)
  • Net fee and commission income was N46.94 billion. (-21.04% YoY)
  • Personnel expenses incurred was N37.61 billion. (+0.9% YoY)
  • Profit before tax was N238.1 billion. (+2.8% YoY)
  • Profit after tax was N201.44 billion. (+2.3% YoY)
  • Earnings per share was N7.11. (+2.16% YoY)
  • Customers’ deposits totaled N3.51 trillion. (+38.6% YoY)
  • A final dividend of N2.70 was announced.

See link to results