Author: Chidi Emenike

MTN Nigeria Plc grows half year profit by 49.5% N141.83 billion, approves interim dividend of N4.55/share

Chidi Emenike Leave a comment

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

  • Revenue for the period was N791.3 billion. (+24% YoY)
  • Employee benefits totalled N19.05 billion. (-1.0% YoY)
  • An operating profit of N273.71 billion was recorded. (+33.8% YoY)
  • Profit after tax was N141.83 billion. (+49.5% YoY)
  • Net assets per share of N9.83 Vs N8.76 YoY.
  • Earnings per share of N6.97 Vs N4.66 YoY
  • The company share price of N164. (-3.0% YoY)
  • An Interim dividend of N4.55 per share was approved by the board.

See link to results.

 

Linkage Assurance Plc reports a loss after tax of N2.09 billion in Half Year 2021.

Chidi Emenike Leave a comment

Linkage Assurance Plc released its unaudited financial results for the period ended June 30, 2021.

  • Gross premium for the period was N6.92 billion. (+32% YoY)
  • Net premium income of N2.4 billion. (+18% YoY)
  • An underwriting loss of N1.03 billion was incurred. (-382% YoY)
  • Total assets for the period stood at N35.72 billion. (+5% YoY)
  • Insurance contract liabilities totalled N9.35 billion. (+63% YoY)
  • Claims ratio of 41% Vs 19% YoY.
  • Loss after tax for the period was N2.09 billion. (-480% YoY)
  • Loss per share of -21 kobo. (-402.9% YoY)

See link to results.

McNichols Consolidated Plc posts N12.82 million profit in Half Year 2021.

Chidi Emenike Leave a comment

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

  • Revenue for the period was N361.7 million. (+13.9% YoY)
  • Cost of sales was N299.56 million. (+14.6% YoY)
  • Selling, marketing and administrative expenses totalled N41.4 million. (+6.2% YoY)
  • Total assets for the period stood at N681.9 million. (+29.3% YoY)
  • Profit from continuing operations of N12.82 million. (+9% YoY)
  • Earnings per share of 3.92 kobo Vs 3.60 kobo YoY

See link to results.

 

Okomu Oil grows half year profit by 138% to N9.54 billion.

Chidi Emenike Leave a comment

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

  • Turnover for the period was N23.63 billion. (+74.7% YoY)
  • Cost of sales was N1.94 billion. (+79.3% YoY)
  • Net operating expenses were N9.16 billion. (+38.05% YoY)
  • Total net assets for the period stood at N37.8 billion.
  • Profit for the period was N9.54 billion. (+138% YoY)
  • Earnings per share of N10 Vs N4.20 YoY

See link to results.

Trans Nationwide Express Plc reports half year loss of N48.7 million

Chidi Emenike Leave a comment

Trans Nationwide Express Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N333.99 million. (+5.3% YoY)
  • Direct cost of N174.03 million. (+24.5% YoY)
  • Administrative expenses totalled N255.42 million. (+0.1% YoY)
  • Total assets for the period stood at N917.41 million. (+16.7% YoY)
  • Loss for the period was N48.7 million.
  • Loss per share of -0.10 kobo Vs -0.17 kobo YoY

See link to results.

Dangote Cement Plc grows half year profit by 52% to N191.6 billion.

Chidi Emenike Leave a comment

Dangote Cement Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N690.55 billion. (+44.8% YoY)
  • Cost of sales was N276.12 billion. (+36.41% YoY)
  • Operating profit of N302.2 billion. (+74.2% YoY)
  • Administrative expenses totalled N30.71 billion. (+17.9% YoY)
  • Profit for the period was N191.6 billion. (+51.9% YoY)
  • Earnings per share of N11.21 Vs N7.45 YoY

See link to results.

FBN Holdings Plc declares N38.05 billion profit in half year 2021, as earnings per share prints at N1.05

Chidi Emenike Leave a comment

FBN Holdings Plc released its unaudited financial results for the period ended June 30, 2021.

  • Net interest income after adjusting for loan losses was N79.31 billion. (-21.2% YoY)
  • Net fee and commission of N57.4 billion. (+22.7% YoY)
  • Operating profit for the group was N45.4 billion. (+9.3% YoY)
  • Operating expenses totalled N88.01 billion. (+12.8% YoY)
  • Profit for the period was N38.05 billion. (-23.1% YoY)
  • Earnings per share of N1.05 Vs N1.35 YoY

See link to results.

 

2021 HY Results: GSK Plc profit after tax slumps by over 80.3% to N59.91 million.

Chidi Emenike Leave a comment

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

  • Revenue for the period was N9.9 billion (-5.46% YoY)
  • Cost of sales was N7.09 billion. (-7.5% YoY)
  • Administrative expenses totalled N1.01 billion. (+13.3% YoY)
  • Profit after tax for the period was N59.91 million. (-80.3% YoY)
  • Earnings per share of 5 kobo Vs 25 kobo YoY.

See link to results.

Premier Paints Plc reports a loss of N16.9 million in HY 2021

Chidi Emenike Leave a comment

Premier Paints Plc released its unaudited financial results for the period ended 30th June, 2021.

  • Revenue for the period was N42.4 million (-2.9% YoY)
  • Cost of sales was N35.1 million. (-1.34% YoY)
  • An operating loss of N16.8 million was incurred during the period.
  • Administrative expenses totalled N20.24 million. (-2.42% YoY)
  • Loss after tax for the period was N16.8 million.
  • Loss per share of 0.14 kobo Vs 0.13 kobo YoY.

See link to results.

Lafarge Africa Plc grows half-year profit by 21% to N28.3 billion.

Chidi Emenike Leave a comment

Lafarge Africa Plc released its unaudited financial results for the period ended 30th June, 2021.

  • Revenue for the period was N145.01 billion (+20.3% YoY)
  • Cost of sales was N96.97 billion. (+23.01% YoY)
  • Operating profit was N38.22 billion. (+16.5% YoY)
  • Administrative expenses totalled N9.17 billion. (+17.1% YoY)
  • Profit after tax for the period was N28.3 billion. (+21.4% YoY)
  • Earnings per share of N1.76 Vs N1.45 YoY.

See link to results.