Friesland Campina Wamco Nigeria Plc announces AGM, proposes dividend of N6.74 per share.

The Board of Friesland Campina Wamco Nigeria Plc has announced that it will host its Annual General Meeting (AGM) on the 6th of May, 2021.

According to a notice made available on the website of NASD Plc, the AGM will take place at Sheraton Lagos Hotels, Ikeja-Lagos by 11:00 am.

The AGM will among other things deliberate on a proposed dividend of N6.74k per share offered to shareholders. Details about the proposed dividend are succinctly captured below;

  • Closure of Register: Friday, April 23, 2021 to Thursday, April 29, 2021 (both dates inclusive)
  • Qualification Date: Thursday, April 22, 2021
  • Proposed Dividend: ₦6.74K
  • Payment Date: Friday, May 7, 2021.

What you should know:

  • Friesland Campina Wamco Nigeria Plc had earlier announced a profit of N8.8 billion in its unaudited interim FY 2020 results.
  • The firm currently has a total of 976,336,000 units of tradable securities in issue and a market capitalization of approximately N124 billion.

For more information about the AGM, click HERE

Presco Plc proposes dividend worth N2 billion for shareholders.

The Board of Directors of Presco Plc has proposed a dividend of N2 for every share of 50 kobo held by shareholders, amounting to a total of N2 billion for the year ended 2020.

This is according to a disclosure signed by the company’s secretary, Patrick Uwaida, and sent to the Nigerian Stock Exchange.

According to the notice, dividends will be paid electronically to qualified shareholders’ on the 26th of July, 2021. The qualified shareholders are those, whose names appear in the Register of Members as at close of trading on 6th of July, 2021.  Other qualifying conditions are;

  • Shareholders must have completed the e-dividend registration.
  • In addition, shareholders must have mandated the Registrar (First Registrars and Investor Services Limited) to pay their dividend directly into their bank accounts.

What you should know:

  • The company is expected to discuss this proposed dividend in its imminent Annual General Meeting scheduled to hold on 21st of July, 2021 at the Dura Club, Obarentin Estate, Benin Sapele Road, Edo State.
  • The Company had earlier recorded a 37.1% surge in profit after tax, after it posted the sum of N5.26 billion as PAT for FY 2020.
  • The Company’s share price currently trades at N72, while its outstanding shares as at the period of reporting this stands at 1 billion units.

For more information about the proposed dividend, click HERE.

2020 FY Results: Okomu Oil Plc posts N7.8 billion profit.

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

  • Revenue for the year was N23.4 billion. (+24% YoY)
  • Cost of raw materials and consumable was N5.29 billion. (+22% YoY)
  • Administrative expenses totaled N4.05 billion. (+32% YoY)
  • Profit on continuing operations after tax was N7.8 billion. (+54% YoY)
  • Earnings per share of N8.16 Vs N5.29 YoY.
  • Net assets per share was N36.46
  • A dividend of N7 was proposed by the Board.

See link to results.

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

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.

Glaxo SmithKline Consumer Nigeria Plc posts a profit of N622.2 million in FY 2020.

Glaxo SmithKline Consumer Nigeria Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N21.3 billion. (+2.6% YoY)
  • Cost of sales was N15.4 billion. (+4.6% YoY)
  • Administrative expenses totaled N1.59 billion. (-17.6% YoY)
  • Profit after tax was N622.2 million. (-32.2% YoY)
  • Earnings per share of 52 kobo vs 77 kobo YoY.
  • A dividend of 40 kobo was proposed.

See link to results.

Unilever Nigeria Plc posts loss of N3.97 billion in FY 2020.

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

  • Revenue for the year was N61.96 billion. (+2.4% YoY)
  • Cost of sales was N49.16 billion. (-11.8% YoY)
  • Marketing and administrative expenses totaled N12.4 billion. (-6.7% YoY)
  • Loss after tax was N 3.97 billion
  • Loss per share of -69 kobo Vs -N1.29 YoY.
  • No dividend announcement was made.

See link to results.

2020 FY Results: BUA Cement Plc posts profit after tax of N72.3 billion.

BUA Cement Plc released its full-year results for the year ended 31st December 2020.

  • Revenue from contracts with customers was N209.4 billion. (+19.3% YoY)
  • Cost of sales was N113.96 billion. (+22.4% YoY)
  • Administrative expenses totaled N10.32 billion. (-1.9% YoY)
  • Operating profit was N82.02 billion. (+14.8% YoY)
  • Profit after tax was N72.3 billion. (+19.4% YoY)
  • Earnings per share of N2.14 vs N1.79 YoY.

See link to results.

May and Baker Nigeria Plc posts profit of N964.6 million in FY 2020.

May and Baker Nigeria Plc released its full-year audited results for the year ended 31st December 2020.

  • Revenue for the year was N9.39 billion. (+16.2% YoY)
  • Cost of sales was N5.61 billion. (+8.4% YoY)
  • Administrative expenses totaled N967.92 million. (+23.4% YoY)
  • Operating profit was N1.41 billion. (+39.5% YoY)
  • Profit from continuing operations was N964.6 million. (+34.7% YoY)
  • Earnings per share from continuing operations was 55.91 kobo Vs 41.51 kobo

See link to results.

2020 FY Results: Cadbury Nigeria Plc posts profit of N931.83 million.

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

  • Revenue for the year was N35.41 billion. (-10% YoY)
  • Cost of sales was N29.51 billion. (-5% YoY)
  • Administrative expenses totaled N1.16 billion. (-36% YoY)
  • Profit for the year was N931.83 million. (-13% YoY)
  • Earnings per share of 50 kobo Vs 57 kobo YoY.
  • A dividend of 18 kobo per ordinary share was proposed by the board

See link to results.