Consumer Goods Archives - Page 11 of 12 - NAIRAMETRICS| COMPANY EARNINGS

Unilever Nigeria Plc set to hold Annual General Meeting on 6th of May.

19 April 202119 April 2021 Chidi Emenike Leave a comment

The Board of Unilever Nigeria Plc has announced that it will host its 96th Annual General Meeting on the 6th of May, 2021.

According to a notice issued by the company and seen by Nairametrics, the meeting will hold at the company’s head office at 1 Billingsway, Oregun-Ikeja, Lagos by 10:00am. Sequel to this, the following cogent issues will be considered;

To fix Auditors and Directors remuneration for the year 2021.
To approve a general mandate authorizing the company to procure goods and services for its operational activities during the year, from related parties or interested persons on normal commercial terms consistent with the company’s transfer policy.
To pass the resolutions authorizing the Directors to separate the company’s tea business to a newly incorporated dedicated tea company in the Unilever Nigeria Group.
To elect shareholders representatives on the audit committee.
To consider and ratify board appointments.

What you should know:

In line with CAC guidelines, the AGM will be conducted through the use of proxies. Sequel to this, a list of comprising of 15 proxies was made public the company, available for members (shareholders) to choose from.
Recall that Unilever Nigeria Plc had recently declared a loss after tax of N492 million in Q1 2021.

For more information about the AGM, click HERE

PZ Cussons Nigeria Plc appoints Ifueko Okauru as Independent Non-Executive Director.

18 April 202118 April 2021 Chidi Emenike Leave a comment

The Board of Directors of PZ Cussons Nigeria Plc has announced the appointment of Mrs Ifueko Omoigui Okauru as Independent Non-Executive Director of the company effective from 1st of April, 2021.

This is according to a notification signed by the company’s secretary, Jacqueline Ezeokwelume and seen by Nairametrics.

Profile

Mrs Okauru is a chartered accountant, strategy and change management consultant with a stellar profile in the public and private sectors. She spent over a decade at Arthur Andersen & Co, where she led the firm’s successful strategy practice. Subsequently, she emerged as the first female Executive Chairman of the Federal Inland Revenue Service (FIRS). She currently serves on the boards of MTN Nigeria Plc and Nigerian Breweries Plc.

She is an alumna of prestigious institutions like the University of Lagos, Imperial College of London and Harvard Kennedy School, where she obtained a BSc in Accounting, MSc and MPA respectively.

What you should know:

PZ Cussons Nigeria Plc had earlier reported a profit after tax of N1.02 billion for the nine months period ended 28th of February, 2021.

See link to the recent announcement.

Unilever Nigeria Plc reports a loss of N492 million in Q1 2021.

17 April 202117 April 2021 Chidi Emenike Leave a comment

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

Revenue for the period was N19.43 billion. (+45.7% YoY)
Cost of sales was N14.95 billion. (+51% YoY)
Marketing and administrative expenses totalled N3.8 billion. (+63.3% YoY)
Loss for the period was N492 million. (-144.1% YoY)
Loss per share of 9 kobo. (-135% YoY)

See link to results.

Nigerian Breweries publishes names of over 100,000 shareholders who are yet to claim their dividends.

16 April 202116 April 2021 Chidi Emenike Leave a comment

The Nigerian Breweries Plc has published the names of over 100,000 shareholders who are yet to file and receive their dividends, categorizing them under the firm’s unclaimed dividend list.

According to a disclosure sent to the Nigerian Exchange Group Plc (NGX) and seen by Nairametrics, the list will be circulated to affected shareholders alongside the firm’s 2020 Annual Reports and Accounts.

In addition, the firm rationalized the cost-effective strategy of publishing the affected names on its website rather than print media, noting that it had to do so due to the high number of names involved (over 100,000)

Recall that the Companies and Allied Matters Act (CAMA) 1990 (revised 2020) had empowered companies to publish the list of unclaimed dividends with names of all intended beneficiaries. In this light, the recent disclosure by the Nigerian Breweries therefore validates an earlier claim of a surge in unclaimed dividend in Nigeria, estimated to be around N200 billion by an adhoc committee of the Nigerian House of Representatives.

Sequel to the notification, all affected shareholders’ are urged to visit the firm’s registrar (First Registrars and Investors Services Limited) to claim their dividends. The Registrar’s physical address and email are captured below;

Address: No 2 Abebe Village Road, Iganmu, Lagos State.

E-mail: [email protected] or [email protected].

What you should know:

Nigerian Breweries Plc had earlier reported a profit after tax of N7.53 billion in FY 2020 and subsequently declared a final dividend of 69kobo per share.
In a bid to manage the high incidence of unclaimed dividends in Nigeria, the Federal Government of Nigeria through the Finance Act 2020 had proposed the establishment of an Unclaimed Dividend Trust Fund, which is to be managed by the Debt Management Office (DMO).

See link to the unclaimed dividend list of the company.

Tantalizers Plc reports a loss after tax of N422.05 million in FY 2020.

14 April 202115 April 2021 Chidi Emenike 1 Comment

Tantalizer Plc has announced its full-year results for the year ended 31st December 2020.

Revenue for the year was N924.13 million. (-27% YoY)
Cost of sales was N529.98 million. (-27.4% YoY)
Administrative expenses totaled N917.52 million. (-2.5% YoY)
An operating loss of N341.6 million was incurred.
Loss after tax of N422.05 million.
Loss per share of 13 kobo.

See link to results.

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

12 April 202114 April 2021 Chidi Emenike Leave a comment

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.

8 April 20218 April 2021 Chidi Emenike Leave a comment

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.