Northern Nigeria Flour Mills Plc grows profit by 21% to N82.9 million in Q1 2021.

Northern Nigeria Flour Mills Plc released its unaudited financial results for the first quarter of the year ended June 30, 2021.

  • Revenue for the period was N3.56 billion. (+87% YoY)
  • Cost of sales was N3.25 billion. (+88.3% YoY)
  • Administrative expenses totalled N170.7 million. (+106.4% YoY)
  • An operating profit of N147.9 million was recorded. (+25.05% YoY)
  • Profit after tax for the period was N82.9 million. (+20.96% YoY)
  • Earnings per share of 46 kobo Vs 38 kobo YoY.

See link to results.

Cadbury Nigeria Plc reports a loss of N516.17 million in HY 2021.

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

  • Revenue for the period was N18.52 billion. (+16% YoY)
  • Cost of sales was N16.34 billion. (-30% YoY)
  • Nets asset per share of N6.76 Vs N7.02 YoY.
  • Loss for the period was N516.17 million.(-196% YoY)
  • Loss per share of N27.5 (-196% YoY)
  • Total assets for the period stood at N32.8 billion

See link to results.

McNichols Consolidated Plc posts N12.82 million profit in Half Year 2021.

McNichols Consolidated Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N361.7 million. (+13.9% YoY)
  • Cost of sales was N299.56 million. (+14.6% YoY)
  • Selling, marketing and administrative expenses totalled N41.4 million. (+6.2% YoY)
  • Total assets for the period stood at N681.9 million. (+29.3% YoY)
  • Profit from continuing operations of N12.82 million. (+9% YoY)
  • Earnings per share of 3.92 kobo Vs 3.60 kobo YoY

See link to results.

 

Okomu Oil grows half year profit by 138% to N9.54 billion.

Okomu Oil Palm Plc released its unaudited financial results for the period ended June 30, 2021.

  • Turnover for the period was N23.63 billion. (+74.7% YoY)
  • Cost of sales was N1.94 billion. (+79.3% YoY)
  • Net operating expenses were N9.16 billion. (+38.05% YoY)
  • Total net assets for the period stood at N37.8 billion.
  • Profit for the period was N9.54 billion. (+138% YoY)
  • Earnings per share of N10 Vs N4.20 YoY

See link to results.

UAC of Nigeria profit dips by 34% to N762.62 million in HY 2021.

UAC of Nigeria Plc released its unaudited financial results for the half year period ending 30th of June, 2021.

  • Revenue for the period was N46.5 billion. (+26.9% YoY)
  • Cost of sales was N38.2 billion. (+28.8% YoY)
  • Administrative expenses totalled N3.92 billion. (+15.4% YoY)
  • An operating profit of N1.7 billion was declared.
  • Profit for the period was N762.62 million. (-34.1% YoY)
  • Earnings per share of 5 kobo Vs 32 kobo YoY.

See link to results

Flour Mills of Nigeria Plc grows profit by 9.6% to N5.45 billion in Q1 2021, as earnings per share prints N1.17.

Flour Mills of Nigeria Plc released its unaudited financial results for the first quarter of the year ending 30th of June, 2021.

  • Revenue for the period was N233.7 billion. (+51.2% YoY)
  • Cost of sales was N208 billion. (+61.2% YoY)
  • Administrative expenses totalled N6.6 billion. (+34.2% YoY)
  • An operating profit of N11.5 billion was declared.
  • Profit for the period was N5.45 billion. (+9.6% YoY)
  • Earnings per share of N1.17 Vs N1.07 YoY.

See link to results

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

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

See link to results.

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

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.

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

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.

UAC of Nigeria Plc approves disbursement of dividends worth N3.46 billion to shareholders.

The Board of UAC of Nigeria Plc has approved the disbursement of total dividends worth N3.46 billion representing N1.20 per share for the 2020 financial year.

The decisions is part of the resolutions reached at the recently concluded Annual General Meeting of the company, held at Marina, Lagos on 30th of June, 2021.

The breakdown of the total dividend of N1.20 per share shows that the sum of 65 kobo per share was allocated as ordinary dividend to shareholders, while an additional 55kobo per share was earmarked as special dividend to qualified shareholders. The total dividend will be paid on all the outstanding 2,881,296,580 ordinary shares of the company.

In line with the above, it is imperative to note that the approved dividend which is subject to appropriate withholding tax will be paid out to all the shareholders, whose names appear on the Register of Members as at the close of business on 14th of June, 2021.

Affirming this, a notice issued by the company read: ‘’ That an ordinary dividend of 65 kobo per ordinary share and a special dividend of 55 kobo per ordinary share be paid on July 1 2021 to all shareholders registered in the books of the Company at the close of business on June 14 2021.’’

Other decisions reached at the recently concluded AGM of the company are;

  • Two (2) retiring Directors were re-elected into the Board of the company.
  • Five (5) representatives were elected into the Statutory Audit Committee of the company.
  • The remuneration of the Non-Executive Directors of the Company were fixed at N106.6 million

What you should know:

  • UAC of Nigeria Plc had earlier reported a profit after tax of N3.86 billion in FY 2020, indicating a decline of 27.8% when compared with the amount declared in similar period of 2019.

For view resolutions reached at the recently concluded AGM, click HERE.