Chidi Emenike – Page 30 – NAIRAMETRICS| COMPANY EARNINGS

May & Baker Nigeria Plc grows half-year profit by 27% to N555.3million.

26 July 202126 July 2021 Chidi Emenike Leave a comment

May & Baker Plc released its unaudited financial statements for the period ended 30th of June, 2021.

Revenue for the period was N5.5 billion. (+35.7% YoY)
Cost of sales was N3.11 billion. (+25.5% YoY)
Operating profit was N936.8 million. (+36.2% YoY)
Administrative expenses totalled N542.05 million. (+104% YoY)
Profit for the period was N555.3 million. (+26.5% YoY)
Earnings per share from continuing operations was 32 kobo Vs 25 kobo YoY
Total assets for the period was N14.14 billion

See link to results.

Aluminium Extrusion Industries Plc grows profit by over 2,000% in 2021 Half Year.

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

Revenue for the period was N1.4 billion. (+37.3% YoY)
Cost of sales was N1.16 billion. (+36.2% YoY)
Administrative expenses totalled N77.5 million. (+6.7% YoY)
Profit after tax was N68.3 million. (+2,184% YoY)
Earnings per share of 31 kobo Vs 1 kobo YoY.

See link to results.

2021 Half-Year Results: Livestock Feeds Plc records a 258% increase in profit to N337.9 million.

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

Revenue for the period was N7 billion. (+42.3% YoY)
Cost of sales was N6.2 billion. (+40.4% YoY)
Operating profit was N479.5 million. (+117.3% YoY)
Administrative expenses totalled N224.9 million. (+27.8% YoY)
Profit after tax was N337.9 million. (+258.2% YoY)
Earnings per share of 11.3kobo Vs 3.1kobo YoY.
Total assets for the period worth N5.83 billion.

See link to results.

Ecobank Transnational Inc. grows profit by 29% to N62.6 billion in H1 2021.

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Ecobank Transnational Incorporated released its unaudited financial statements for the period ended 30th of June, 2021.

Net interest income for the period was N184.8 billion. (+14% YoY)
Fees and commission income of N92.8 billion. (+22% YoY)
Operating income was N334.9 billion. (+15% YoY)
Operating expenses totalled N196.62 billion. (+6% YoY)
Profit for the period was N62.6 billion. (+29% YoY)
Earnings per share from continuing operations of N1.74 Vs N1.35 YoY.
Total loans and advances to customers stood at N3.6 trillion
Total customers deposit stood at N7.9 trillion

See link to results.

Lasaco Assurance proposes N183.4million as final dividend to shareholders.

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The Board of Lasaco Assurance Plc, one of Nigeria’s leading insurance companies, has proposed a final dividend of N183.4 million to shareholders of the company for the period ended 31st December 2020.

The company’s Board made this announcement in a notification published on the website of the Nigerian Exchange Group Limited (NGX), stating that a dividend of 10 kobo per share will be paid on all the issued 1,833,585,855.00 ordinary shares of the company.

According to the notice, the dividends will be disbursed electronically to qualified shareholders on 30th of August, 2021.

Conditions to qualify for the dividend

Only shareholders whose names appear in the Register of Members at the close of business on the 5th of August 2021 will be considered.
Shareholders must have completed the e-dividend registration and must have mandated the Registrar (Apel Capital & Trust Limited) to pay their dividends directly into their bank accounts.
For the purpose of the dividend payment, the Register of Shareholders will be closed from 6th to 13th of August, 2021, to enable the registrar to process shareholders’ dividends.

In a bid to expedite the dividend disbursement, the company also disclosed that it will be holding its 41st Annual General Meeting at Lagos on Thursday 26th of August, 2021 by 11:00am

What you should know

Lasaco Assurance Plc had earlier reported a profit after tax of N679.4 million in its audited FY 2020 results, indicating a surge of about 115% YoY. The firm grew its Net Premium by about 19%, from N5.9 billion as at FY 2019 to N7.01 billion.
As at the period of reporting this, Lasaco Assurance share price trades at N1.6 on the floor of the Nigerian Exchange Group Limited (NGX)

Daar Communications Plc reports over 100% increase in profit after tax in H1, 2021

26 July 202126 July 2021 Chidi Emenike 1 Comment

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

Revenue for the period was N1.91billion. (+30.4% YoY)
Cost of sales was N1.08 billion. (+3.6% YoY)
Administrative expenses totalled N743.7 million. (-13.4% YoY)
Profit for the year was N36.1 million. (+106.9% YoY)
Total assets for the period stands at N14.55 billion.

See link to results.

Africa Prudential’s profit after tax plunges by 24% to N827.6 million in H1 2021.

23 July 202123 July 2021 Chidi Emenike 1 Comment

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

Gross earnings for the period was N1.67 billion. (-11% YoY)
Personnel expenses totalled N287.6 million. (-10% YoY)
Total customers’ deposits for the period was N80.3 billion
Profit after tax for the period was N827.6 million. (-24% YoY)
Earnings per share of 41 kobo Vs 54 kobo YoY.
Total shareholders fund stood at N8.16 billion.

See link to results.

United Bank for Africa Plc announces notice of board meeting, closed period.

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United Bank for Africa (UBA) Plc has announced that its board of directors would meet on Thursday, August 12, 2021 to consider among other things, the company’s audited Financial Statements for the half year period ended 30th of June, 2021.

Consequently, the firm also announced that it would observe its closed period from July 1, 2021 until 24 hours after the half year accounts are filed with the Nigerian Exchange Group Limited.

This is according to a disclosure signed by the Bank’s secretary, Bili Odum and sent to the Nigerian Exchange Group Limited (NGX).

Accordingly, the announcement of a closed period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). During this period, individuals with sensitive information about stock performance such as; Directors, managers, employees, consultants and their connected persons, are prohibited from trading in the shares of the bank either directly or indirectly.

What you should know:

UBA Plc had earlier reported a 27% increase in its profit after tax figures for the first quarter of the year (Q1, 2021). During the aforementioned period, the bank posted a PAT of N38.16 billion.
The bank closed trading for the week ended 23rd of July, 2021 with a share price of N7.85.

For more information about the board meeting, click HERE.