Chidi Emenike, Author at NAIRAMETRICS| COMPANY EARNINGS

Transcorp Hotels Plc announces Annual General Meeting.

2 April 20212 April 2021 Chidi Emenike 1 Comment

Transcorp Hotels Plc has announced that it will be hosting its 7th Annual General Meeting (AGM) on the 26th of April, 2021.

According to a notice signed by the Acting Secretary of the company, Mr. Chike Anikwe, the meeting will hold at Transcorp Hilton Abuja at 2:00 pm. The following will be discussed;

The audited financial statements of the company for the year ended 31st December 2020.
Election of statutory audit committee members.
To consider and pass the payment of N62 million as remuneration to Non-Executive Directors for the year ended December 2020.

What you should know:

Transcorp Hotels Plc had earlier posted a loss after tax of N6.3 billion.
In line with CAC guidelines, attendance of the AGM will be by proxy only. Sequel to this, shareholders are required to select from a pool of nominated proxies as contained in the notice.
The AGM will be streamed live.

For more information about the AGM, click HERE.

2020 FY Results: Presco Plc records 37.1% increase in profit after tax.

2 April 20212 April 2021 Chidi Emenike Leave a comment

Presco Plc released its full-year audited results for the year ended 31st December 2020.

Revenue for the year was N23.89 billion. (+21.1% YoY)
Cost of sales was N7.8 billion. (+11.45% YoY)
Administrative expenses totaled N6.82 billion. (+6% YoY)
Profit for the year was N5.26 billion.(+37.1% YoY)
Earnings per share of N5.26 Vs N3.84 YoY.
Return on equity was 17%
A dividend of N2 was proposed.

See link to results.

Sterling Bank Plc posts profit after tax of N11.2 billion in FY 2020

2 April 20212 April 2021 Chidi Emenike 1 Comment

Sterling Bank Plc released its full-year audited results for the year ended 31st December 2020.

Net interest income for the year was N62.15 billion. (-3.9% YoY)
Net fees and commission income was N13.09 billion. (-10.4% YoY)
Operating income was N89.6 billion. (+2.3% YoY)
Total expenses of N69.3 billion. (-2.5% YoY)
Profit after tax was N11.2 billion. (+6.04% YoY)
Earnings per share of 39 kobo vs 37 kobo YoY.
A dividend of 5 kobo was declared.

See link to results.

2020 FY: Sterling Bank Plc proposes dividend of N1.44 billion for shareholders.

2 April 20212 April 2021 Chidi Emenike Leave a comment

The Board of Directors of Sterling Bank Plc has proposed a dividend of 5 kobo for every share of 50 kobo held by shareholders, amounting to a total of N1.44 billion for the year ended 2020.

This is according to a disclosure signed by the Bank’s secretary, Temitayo Adegoke, and sent to the Nigerian Stock Exchange.

According to the notice, dividends will be paid electronically to qualified shareholders’, whose names appear in the Register of Members as at close of trading on 16th of April, 2021. Other qualifying conditions are;

Shareholders must have completed the e-dividend registration.
In addition, shareholders must have mandated the Registrar (Pace Registrar Limited) to pay their dividend directly into their bank accounts.

What you should know:

The Bank is expected to discuss this proposed dividend in its 59th Annual General Meeting scheduled to hold on 6th of May, 2021 at MUSON Centre, Marina- Lagos.
The Bank had earlier reported a profit after tax of N11.2 billion in FY 2020, indicating an increase of 6.04%.
The Bank closed trading on 1st of April, 2021 with a share price of N1.85

For more information about the proposed dividend, click HERE.