Author: Blurb

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.

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)

See link to forecast.

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)

See link to results.

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

 Custodian Investment Plc released its full-year results for the year ended December 2020. 

• Gross revenue during the year was N75.06 billion. (+22.2% YoY). 
• Total claims paid during the year was N14.3 billion. (+45.8% YoY). 
• Profit Before Tax for the year was N13.67 billion. (+69.6% YoY)
• Profit for the year was N12.69 billion. (+111% YoY). 
• Earnings per share 196 kobo vs 97 kobo . (+102.1% YoY). 
• A dividend of 45 kobo was proposed.

See link to results. 

Wema Bank Plc released its full year 2020 results showing Net Interest Income of N31.04 billion, up by 19.4% from the N25.99 billion reported a year earlier. 

• Net interest income after adjusting for loan impairments was N26.85 billion. (+35.24% YoY). 
• Profit before tax was N6.96 billion. (+3.01% YoY). 
• Earnings per share of N13.1 vs N13.5. (-2.9% YoY).
• No dividend announcement was made in their press release. 
• The company’s share price of N0.7 as of when the result was released. (+1.45% YoY). 

See link to results. 

Zenith Bank Plc released its full year 2020 audited results showing Net Interest Income of N299.7 billion up by 12.23% from the N267.03 billion recorded a year earlier. 

• Net interest income after adjusting for loan impairments increased to N260.15 billion from N243 billion. (+7.1%YoY) 
• Profit before tax was N255.9 billion, compared to N243.3 billion recorded in 2019. (+5.2%YoY) 
• Earnings per share for the period under review is N7.34 from N6.65. (+10.4%YoY) 

• A final dividend of N2.70 was declared for every share of 50k each 
• The company’s share price of N26, up +4.8% YTD. 

See link to results.