Author: Chidi Emenike

2021 Half Year Results: Conoil Plc reports 214% increase in profit to N1.06 billion.

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Conoil Plc released its unaudited half year results for the period ended June 30, 2021.

  • Revenue for the period was N67.64 billion. (+17.7% YoY)
  • Cost of sales was N62.44 billion. (+18.5% YoY)
  • Administrative expenses totalled N2.59 billion. (-13.2% YoY)
  • Retained earnings of N16.4 billion. (+5.0% YoY)
  • Profit after tax was N1.06 billion. (+213.7% YoY)
  • Earnings per share of N1.53 Vs 49 kobo YoY.
  • Total shareholders’ fund was N20.58 billion. (+3.9% YoY)

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Beta Glass Plc grows profit by 112% to N2.82 billion in HY 2021.

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Beta Glass Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N15.58 billion. (+37.4% YoY)
  • Cost of sales was N10.8 billion. (+16.0% YoY)
  • Administrative expenses totalled N916.3 million. (+16.9% YoY)
  • An operating profit of N4.24 billion was recorded. (+214.9% YoY)
  • Profit after tax for the period was N2.82 billion. (+112.5% YoY)
  • Earnings per share of N5.63 kobo Vs N2.65 kobo YoY

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2021 Half Year Results: CHI Plc grows profit by 48% to N436.5 million.

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Consolidated Hallmark Insurance Plc released its unaudited financial results for the period ended June 30, 2021.

  • Gross premium written for the period was N6.09 billion. (+14.1% YoY)
  • Net premium income of N3.3 billion. (+13.45% YoY)
  • Claims incurred totalled N1.03 billion. (+3.6% YoY)
  • An underwriting profit of N1.28 billion was recorded. (+15.6% YoY)
  • Profit after tax for the period was N436.5 million. (+47.7% YoY)
  • Earnings per share of 5.37kobo Vs 3.34 kobo YoY

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Guinea Insurance Plc reports loss of N90.59 million in HY 2021.

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Guinea Insurance Plc released its unaudited financial results for the period ended June 30, 2021.

  • Gross premium written for the period was N807.8 million. (+57.03% YoY)
  • Net premium income of N433.7 million. (+16.1% YoY)
  • Claims expenses totalled N70.4 million. (-29.8% YoY)
  • Insurance contract liabilities totalled N1.06 billion. (+17.9% YoY)
  • Loss for the period was N90.59 million
  • Total assets during the period stood at N3.7 billion.

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2021 Half Year Results: AIICO Insurance records a 14% increase in profit to N3.25 billion

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AIICO Insurance Plc released its unaudited financial results for the period ended June 30, 2021.

  • Gross premium written was N37.48 billion. (+17% YoY)
  • Net premium income of N29.17 billion. (+21% YoY)
  • Net claim expenses of N20.94 billion (+45% YoY)
  • Profit for the period was N3.25 billion.(+14% YoY)
  • Earnings per share of 6 kobo Vs 40 kobo YoY.
  • Total shareholders fund for the period was N35.83 billion.

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Unity Bank grows profit after by 34% to N1.38 billion in Half Year 2021.

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Unity Bank Plc released its unaudited financial results for the period ended June 30, 2021.

  • Net interest income for the period was N9.9 billion. (+9% YoY)
  • Net fee and commission income of N3.07 billion. (+21% YoY)
  • Operating expenses totalled N12.42 billion (+16% YoY)
  • Net loans and advances to customers stood at N246.9 billion. (+22% YTD)
  • Profit for the period was N1.38 billion.(+34% YoY)
  • Earnings per share of 11.82 kobo Vs 8.82 kobo

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MRS Oil Nigeria Plc grows profit by 146% to N151.54m in Half Year 2021.

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MRS Oil Nigeria Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N36.75 billion. (+53.2% YoY)
  • Cost of sales was N34.4 billion. (+54.2% YoY)
  • Administrative expenses totalled N2.21 billion (+19.2% YoY)
  • Profit for the period was N151.54 million.(+146% YoY)
  • Earnings per share of 50 kobo (+146.3% YoY)
  • Total assets as at the period stood at N32.61 billion.

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2021 HY Results: Coronation Insurance profit after tax slump by 39.2% to N397.8 million

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Coronation Insurance Plc released its unaudited financial results for the period ended June 30, 2021.

  • Net premium income for the period was N4.61 billion. (+26.4% YoY)
  • Fees and commission income of N434.98 million. (-57.9% YoY)
  • Total claims paid was N2.9 billion (+84.04% YoY)
  • Total underwriting profit of N892.05 million. (-55.1% YoY)
  • Profit after tax for the period was N397.8 million.(-39.2% YoY)
  • Earnings per share of 2 kobo Vs 2 kobo YoY.

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Cadbury Nigeria Plc reports a loss of N516.17 million in HY 2021.

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Cadbury Nigeria Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N18.52 billion. (+16% YoY)
  • Cost of sales was N16.34 billion. (-30% YoY)
  • Nets asset per share of N6.76 Vs N7.02 YoY.
  • Loss for the period was N516.17 million.(-196% YoY)
  • Loss per share of N27.5 (-196% YoY)
  • Total assets for the period stood at N32.8 billion

See link to results.