Author: Chidi Emenike

2021 Q1 Results: Portland Paints and Products Nigeria Plc reports a 131% increase in profit.

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Portland Paints and Products Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue from contracts with customers was N476.46 million. (+22% YoY)
  • Cost of sales was N317.6 million. (+24.2% YoY)
  • Administrative expenses totalled N86.7 million. (-22.7% YoY)
  • Profit from continuing operations was N14.92 million. (+131.5% YoY)
  • Earnings per share of 2 kobo (+133.3% YoY)

See link to results.

2021 Q1 Results: C & I Leasing Plc records a 55% decline in profit to N77.7 million.

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C & I Leasing Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Gross earnings for the period was N4.5 billion (-28.2% YoY)
  • Net lease rental income was N1.96 billion. (-30.8% YoY)
  • Net tracking income was N17.31 million. (-56.8% YoY)
  • Personnel expenses totalled N286.3 million. (-19% YoY)
  • Profit after tax was N77.7 million (-55.1% YoY)

See link to results.

2021 Q1 Results: eTranzact International Plc profit surges by 113% YoY.

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eTranzact International Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N5.18 billion. (-12.1% YoY)
  • Cost of sales for the period was N4.7 billion. (-16% YoY)
  • Administrative expenses of N447.9 million. (-8.83% YoY)
  • Operating loss of N8.31million was made.
  • Profit for the period was N23.9 million. (+113.1% YoY)

See link to results.

CHI Plc post profit after tax of N291.45 million in Q1 2021.

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Consolidated Hallmark Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net premium income for the period was N2.25 billion. (+24.05% YoY)
  • Total claims paid during the period was N915.08 million (+76.3% YoY)
  • Underwriting profit was N918.2 million. (+16.4 YoY)
  • Profit after tax was N291.45 million. (+39.1% YoY)
  • Earnings per share of 4 kobo Vs 3 kobo

See link to results.

ABC Transport reports a loss of N73.1 million in Q1 2021.

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ABC Transport Plc released its unaudited results for the first quarter of the year (Q1, 2021).
• Revenue for the period was N1.35 billion. (-40.2% YoY)
• Cost of sales was N1.08 billion. (-44.6% YoY)
• Administrative expenses totalled N315.7 million. (-5.9% YoY)
• Loss from continuing operations was N73.08 million.
• Loss per share of -4 kobo Vs -8 kobo YoY

See link to results.

The Initiates Plc reports a loss of N39.3 million in Q1 2021.

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The Initiates Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N54.45 million. (-66.3% YoY)
  • Cost of sales was N50.3 million. (-54.5% YoY)
  • Administrative expenses totalled N15.8 million. (-25.8% YoY)
  • A loss after tax of N39.26 million was incurred. (-610.04% YoY)
  • Loss per share of -0.05 kobo was incurred.
  • Gross profit margin for the period was 7.59%.

See link to results.

International Breweries Plc reports a loss of N2.6 billion in Q1 2021.

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International Breweries Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N38.96 billion. (+10.2% YoY)
  • Cost of sales was N32.5 billion. (+11.3% YoY)
  • Administrative, marketing and promotion expenses totalled N8.98 billion. (+4.9% YoY)
  • Loss for the period was N2.6 billion.
  • Earnings per share of 10 kobo Vs 21 kobo YoY.

See link to results.

2021 Q1 Results: Arbico Plc reports a 94% decline in profit to N56.7 million in Q1 2021.

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Arbico Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N836.9 million. (-61.9% YoY)
  • Cost of sales was N539.8 million. (-49.5% YoY)
  • Operating expenses totalled N298.64 million. (+28% YoY)
  • Profit for the period was N56.7 million. (-93.7% YoY)
  • Earnings per share of 0.4 kobo Vs 6.1 kobo YoY.

See link to results.

AIICO Insurance Plc posts N1.51 billion profit in Q1 2021.

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AIICO Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net premium income for the period was N14.19 billion. (+7% YoY)
  • Net claim expenses of N10.98 billion. (-42% YoY)
  • Underwriting profit of N27.7 billion was recorded. (+21,239% YoY)
  • Profit for the year was N1.51 billion. (-19% YoY)
  • Earnings per share of 10 kobo Vs 27 kobo YoY

See link to results.

Guinea Insurance Plc reports a loss after tax of N61.2 million in Q1 2021.

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Guinea Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net premium income for the period was N198.12 million. (-3.4% YoY)
  • Total claims paid during the period was N40.2 million (-55.2% YoY)
  • Underwriting profit of N99.42 million. (-9.1% YoY)
  • Loss after tax of N61.2 million was recorded.
  • A loss per share of -1 kobo was recorded during the period.

See link to results.