Author: Chidi Emenike

Nestle Nigeria Plc posts N21.73 billion profit in half year 2021.

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

  • Revenue for the period was N171.44 billion. (+21.6% YoY)
  • Cost of sales was N105.01 billion. (+30.9% YoY)
  • Administrative expenses totalled N6.6 billion. (+0.53% YoY)
  • Profit for the period was N21.73 billion. (-0.43% YoY)
  • Earnings per share of N27.42 Vs N27.53 YoY.
  • Total assets for the period stood at N262.8 billion

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Prestige Assurance Plc grows half-year profit by 25% N776.5 million

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

  • Gross premium for the period was N5.43 billion. (+38.9% YoY)
  • Net premium income of N2.6 billion. (+34.8% YoY)
  • Interest income was N371.3 million. (+59.4% YoY)
  • Underwriting expenses totalled N2.26 billion. (+51.4% YoY)
  • Profit for the period was N776.5 million. (+25.2% YoY)
  • Earnings per share of 5.86 kobo Vs 4.68 kobo YoY.
  • Total assets for the period stood at N19.42 billion. (+4.96% YoY)

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2021 Half Year Results: FCMB Group reports a 22% dip in profit to N7.56 billion

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FCMB Group Plc released its unaudited financial results for the six months period ended 30th of June, 2021.

  • Net interest income for the period was N43 billion. (-5.2% YoY)
  • Net fee and commission income of N12.9 billion. (+33.5% YoY)
  • Personnel expenses totalled N14.6 billion. (+3.3% YoY)
  • Loans and advances to customers stood at N916.7 billion.
  • Profit after tax for the period was N7.56 billion. (-22.1% YoY)
  • Earnings per share of 38 kobo Vs 49 kobo YoY.
  • Total assets for the period stood at N2.2 trillion.

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Chams Plc reports a loss after tax of N69.1 million in Half Year 2021.

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Chams Plc released its unaudited interim financial results for the six months period ended 30th of June, 2021.

  • Revenue for the period was N1.63 billion. (+79.1% YoY)
  • Cost of sales was N1.17 billion. (+156.4% YoY)
  • An operating profit of N6.77 million was recorded. (-90.8% YoY)
  • Administrative expenses totalled N497.98 million. (+25.9% YoY)
  • Loss after tax for the period was N69.1 million.
  • Loss per share of -1 kobo Vs -0.2 kobo YoY.
  • Total assets for the period stood at N8.49 billion.

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Vitafoam Nigeria Plc Posts N3.41 billion Profit in 9M 2020.

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

  • Revenue for the period was N26.8 billion. (+63% YoY)
  • Cost of sales was N17.3 billion. (+85% YoY)
  • An operating profit of N5.1 billion was recorded.(+40.4% YoY)
  • Administrative expenses totalled N3.76 billion. (+20.3% YoY)
  • Profit for the period was N3.41 billion. (+59.2% YoY)
  • Earnings per share of N2.92 Vs N1.61 YoY.

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Ikeja Hotel Plc Reports Half Year Loss of N229.4 million.

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Ikeja Hotel Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N3.76 billion (+29.4% YoY)
  • Cost of sales was N2.88 billion.(+5.7% YoY)
  • An operating profit of N250.6million was recorded. (+165.2% YoY)
  • Administrative and general expenses totalled N672.42 million. (-0.8% YoY)
  • Loss after tax for the period was N229.4 million.
  • Loss per share of -11 kobo Vs -38 kobo YoY
  • Total assets for the period stood at N41.86 billion

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2021 HY Results: LivingTrust Mortgage Bank boosts profit by 643% to N308.26 million.

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Living Trust Mortgage Bank Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Gross earnings for the period was N664.1 million (+187% YoY)
  • Net fee and commission income of N80.2 million. (+386% YoY)
  • Operating income was N576.8 million. (+178% YoY)
  • Operating expenses totalled N260.92 million. (+63% YoY)
  • Profit for the period was N308.3 million. (+643% YoY)
  • Earnings per share of 6.17 kobo Vs 0.83 kobo YoY
  • Total assets for the period stood at N8.71 billion

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UPDC reports loss of N603.3 million in HY 2021.

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UACN Property Development Company Plc (UPDC) released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N316.1 million. (-8.8% YoY)
  • Cost of sales was N260.53 million. (+6.3% YoY)
  • An operating loss of N88.7 million was incurred during the period.
  • Administrative expenses totalled N423.85 million. (+29.4% YoY)
  • Loss for the period was N603.3 million
  • Loss per share of -3kobo Vs -50kobo YoY.
  • Total assets for the period stood at N22.04 billion

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Nascon Allied Industries Plc rakes in N1.45 billion profits in 6 months.

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Nascon Allied Industries Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N17.57 billion. (+20.9% YoY)
  • Cost of sales was N10.6 billion. (+22.1% YoY)
  • Operating profit was N2.13 billion. (-12.1% YoY)
  • Administrative expenses totalled N1.36 billion. (+29.9% YoY)
  • Profit for the period was N1.45 billion. (-2.5% YoY)
  • Earnings per share of N1.09 Vs N1.12 YoY
  • Total assets for the period was N45.7 billion

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