Author: Chidinma Anyalewechi

MTN Nigeria Plc reports 58.99% growth in net profit for Q3 2021

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MTN Nigeria Plc released its Q3 2021 Financial Statement for the period ended 30th of September 2021.

  • Revenue during the period was N414.99 billion. (+22.89% YoY)
  • Operating profit for the period was N144.64 billion (+41.15%)
  • Finance income stood at N1.33billion. (-77.42% YoY)
  • Finance cost for the period was N39.74 billion. (+9.33% YoY)
  • Profit before tax of N106.23 billion was recorded during the period.
  • Profit for the period stood at N78.48 billion (+58.99%)
  • Total assets during the period stood at N2.10 trillion. (+136.61bn YtD)
  • Earnings per share of N3.86 Vs N2.43 YoY.

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Dangote Sugar Plc reports Profit After Tax of N15.51 billion in Q3 2021

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Dangote Sugar Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N195.50 billion. (+21.80% YoY)
  • Cost of sales for the period was N158.75 billion (+25.63%)
  • Gross profit stood at N36.75billion. (+7.62% YoY)
  • Operating profit for the period was N28.62 billion. (+2.66% YoY)
  • Profit before tax of N23.11 billion was recorded during the period.
  • Profit for the period stood at N15.51 billion (-41.74%)
  • Total assets during the period stood at N323.48 billion. (+53.07bn YoY)
  • Earnings per share of N1.28 Vs N2.22 YoY.

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Dangote Cement Plc reports Profit After Tax of N86.62 billion in Q3 2021

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Dangote Cement Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N331.64 billion. (+16.53% YoY)
  • Cost of sales for the period was N127.27 billion (+10.56%)
  • Gross profit stood at N204.37billion. (+20.59% YoY)
  • Operating profit for the period was N138.13 billion. (+20.69% YoY)
  • Profit before tax of N124.23 billion was recorded during the period.
  • Profit for the period stood at N86.62 billion (+4.94%)
  • Total assets during the period stood at N2.25 trillion. (+227.79bn YtD)
  • Earnings per share of N5.02 Vs N4.80 YoY.

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FBN Holdings Plc gives updates on audited financial statement for period ended September 30, 2021

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First Bank Holdings Plc has filed a notice with the exchange disclosing that the Group’s Financial Statements for the period ended September 30, 2021 is currently being audited and is expected to be released by the ending of November.

The notice read, “FBN Holdings Plc wishes to notify the Nigerian Exchange Limited (NGX) that the Group is currently undertaking the interim audit of its financial statements for the period ended September 30, 2021”.

Hence, the bank will be unable to submit the financial statements of its operations for the third quarter on October 29, 2021, as previously expected. The financial statements for the period under review will be released and filed with the exchange after the audit is concluded, the notice said.

The group expects that the audited financial statements will be submitted to the Nigerian Exchange (NGX) by November 29, 2021, after the audit has been concluded and the approval of the CBN has been secured.

Furthermore, the bank stated that the trading window for dealing in the company’s shares remains closed to all insiders and their connected persons until twenty-four hours after the release of the audited financial statements.

FBN Holdings Plc notifies The Exchange of recent development, appoints Meristem as new Registrar

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FBN Holdings Plc has notified The Exchange and investing public of the appointment of Mrs. Tope Orhionsefe Omage as a Non-Executive Director of First Bank Nigeria Limited and the renewal of the appointment of the Managing Director and Deputy Managing Director of First Bank, Dr. Adesola Adeduntan and Mr Gbenga Shobo, for another term.

This was disclosed in a notice of recent developments in the bank, signed by the company’s secretary, Seye Kosoko and filed with the Nigerian Exchange Limited.

Also, the bank notified the exchange of the renewal of appointment of the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Limited, one of the subsidiaries of the group.

The Managing and Deputy Managing Directors are Mr. Kayode Akinkugbe and Mr. Taiwo Okeowo, respectively.

In addition to this development, the Board of the bank has appointed Meristem Registrars Limited as the new registrars to replace First registrars and Investors Services Limited and take over the Register of Members of FBN Holding Plc.

The appointment of Meristem Registrars is expected to take effect from December 1, 2021.

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Lafarge Africa Plc reports Q3 earnings of N12.07 billion in Q3 2021

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Lafarge Africa Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N74.18 billion. (+25.02% YoY)
  • Cost of sales for the period was N58.31 billion (+28.67%)
  • Gross profit stood at N15.87 billion. (+13.22% YoY)
  • Operating profit for the period was N9.92 billion. (+19.49% YoY)
  • Profit before tax of N7.15billion was recorded during the period.
  • Profit for the period stood at N12.07 billion (+148.03%)
  • Total assets during the period stood at N512.37 billion. (+5.15bn YoY)
  • Earnings per share of 75 kobo Vs 30 kobo YoY.

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Seplat Energy Plc reports Q3 earnings of N168.09 million in third quarter 2021

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Seplat Energy Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N62.23 billion. (+12.10% YoY)
  • Cost of sales for the period was N38.79 billion (+5.55%)
  • Gross profit stood at N23.45 billion. (+24.92% YoY)
  • Operating profit for the period was N19.91 billion. (+81.55% YoY)
  • Profit before tax of N14.40 million was recorded during the period.
  • Loss for the period stood at N222 million (-105.41%)
  • Total assets during the period stood at N1.42 trillion. (+111.17bn YoY)
  • Earnings per share of N13.91 Vs N7.07 YoY.

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Union Bank of Nigeria Plc reports N3.61 billion as Net Profit for third quarter ended 30 September, 2021

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Union Bank of Nigeria Plc has released its unaudited financial statement for the third quarter ended 30th of September, 2021.

  • Interest income during the period was N32.16 billion. (+13.84% YoY)
  • Interest expense for the period was N20.92 billion. (+45.20% YoY)
  • Net interest income for the period was N11.24 billion
  • Net Fee and commission income during the period was N3.74 billion. (+75.89% YoY)
  • Operating income of N23.00 billion was recorded.
  • Profit before income tax was reported as N3.89 billion. (-6.52%)
  • Profit after tax for the period was N3.61 billion. (-16.33%)
  • Total assets during the period stood at N2.56 trillion. (+369.99 bn YtD)
  • Earnings per share of N15 kobo Vs N16 kobo.

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Guinea Insurance Plc reports Net profit of N95.76 million in third quarter 2021

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Guinea Insurance Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Gross premium written during the period was N286.52 million. (+1.83% YoY)
  • Gross premium income for the period was N346.69 million (+32.07%)
  • Net premium income stood at N221.53 million. (+20.59% YoY)
  • Underwriting profit for the period was N223.97 million. (+324.35% YoY)
  • Profit before tax of N96.68 million was recorded during the period.
  • Profit for the period stood at N95.76million from a loss after tax of N65.93million YoY
  • Total assets during the period stood at N3.48 billion.
  • Earnings per share of 1.6 kobo Vs –0.41 kobo YoY.

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Skyway Aviation Plc reports Q3 earnings of N168.09 million in third quarter 2021

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Skyway Aviation Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N2.27 billion. (+21.86% YoY)
  • Direct cost for the period was N1.17 billion (+26.13%)
  • Gross profit stood at N1.10 billion. (+17.65% YoY)
  • Operating profit for the period was N241.36 million. (-34.66% YoY)
  • Profit before tax of N240.13 million was recorded during the period.
  • Profit for the period stood at N168.09million (-48.98%)
  • Total assets during the period stood at N23.98 billion. (+839.94mn YoY)
  • Earnings per share of 12.42 kobo Vs 24.34 kobo YoY.

See full result here