Cadbury Nigeria Plc set to hold 56th Annual General Meeting (AGM) on June 16.

The Board of Cadbury Nigeria Plc has announced that it will be hosting its 56th Annual General Meeting on the 16th of June, 2021.

This is according to a notification signed by the company’s secretary, Fola Akande and seen by Nairametrics. Sequel to this, the following issues will be discussed;

  • The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • The firm’s proposed dividend will be considered and officially declared.
  • Board appointments will also be considered and ratified.
  • To fix remuneration of managers and Directors in FY 2021.
  • To elect shareholders’ representatives of the statutory audit committee.

What you should know:

  • Cadbury Nigeria Plc had earlier reported a profit after tax of N931.83 million in FY 2020, and subsequently proposed a dividend of 18 kobo per share
  • In line with CAC guidelines, attendance at the AGM will be by proxy. Sequel to this, a list comprising of five (5) representatives authorized to represent shareholders, have been made available.
  • If approved, dividends are expected to be paid to qualified shareholders on 17th of June, 2021.
  • The link for the Annual General Meeting will be made available on the company’s website: www.cadburynigeria.com

For more information about the AGM, click HERE.

The Initiates Plc reports a loss of N39.3 million in Q1 2021.

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

  • Revenue for the period was N54.45 million. (-66.3% YoY)
  • Cost of sales was N50.3 million. (-54.5% YoY)
  • Administrative expenses totalled N15.8 million. (-25.8% YoY)
  • A loss after tax of N39.26 million was incurred. (-610.04% YoY)
  • Loss per share of -0.05 kobo was incurred.
  • Gross profit margin for the period was 7.59%.

See link to results.

International Breweries Plc reports a loss of N2.6 billion in Q1 2021.

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

  • Revenue for the period was N38.96 billion. (+10.2% YoY)
  • Cost of sales was N32.5 billion. (+11.3% YoY)
  • Administrative, marketing and promotion expenses totalled N8.98 billion. (+4.9% YoY)
  • Loss for the period was N2.6 billion.
  • Earnings per share of 10 kobo Vs 21 kobo YoY.

See link to results.

Berger Paints Nigeria Plc profit declines to N45 million in Q1 2021

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

  • Revenue for the period was N1.19 billion. (+10% YoY)
  • Cost of sales was N617.8 million. (+24.1% YoY)
  • Administrative expenses of N300.17 million. (+6.3% YoY)
  • Operating profit of N79.8 million. (-32% YoY)
  • Profit for the period was N44.99 million. (-32% YoY)
  • Earnings per share of 16 kobo Vs 23 kobo YoY
  • Net assets per share of N11.01 Vs N10.8 YoY

See link to results.

Vitafoam Nigeria Plc posts profit of N1.4 billion in Q2 2020

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

  • Revenue for the period was N10.7 billion. (+65.5% YoY)
  • Cost of sales was N6.9 billion. (+79.7% YoY)
  • Administrative expenses totalled N1.35 billion. (+11.8% YoY)
  • Operating profit of N2.14 billion. (+55.4% YoY)
  • Profit for the period was N1.4 billion. (+76.7% YoY)
  • Earnings per share of N2.17 Vs N1.30 YoY.

See link to results.

UAC of Nigeria Plc records a 64% dip in profit to N669 million in Q1 2021.

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

  • Revenue for the period was N22.02 billion. (+12.7% YoY)
  • Operating expenses totalled N2.98 billion. (-6.1% YoY)
  • Profit for the period was N669 million. (-64.1% YoY)
  • EBIT margin of 5.2% (+60bps)
  • Earnings per share from continuing operations of 12 kobo Vs 27 kobo YoY

Commenting on the result, the Group Managing Director of the company, Fola Aiyesimoju said: “Growth across our operating platforms translated to 13% revenue growth. Operational improvement initiatives resulted in a 6% reduction in operating expenses which supported marginal operating profit growth in spite of a 5% decline in gross profit. Raw material cost escalation remains a key concern and as such we are carefully assessing pricing. Our Paints business suffered production disruptions which impacted performance and our interest income declined materially in light of the low interest rate environment. These together with losses from our associates UPDC and MDS resulted in a 42% decline in profit from continuing operations. Performance in Q1 2020, being the comparative quarter last year, benefited from N717 million in exceptional income from discontinued operations relating to net gains from the divestment of a stake in MDS which impacts quarter on quarter comparisons.”

For more information about the result, click HERE.

Tripple Gee & Company Plc reports a loss of N19.8 million in Q1 2021.

Tripple Gee & Company Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Turnover for the period was N461.4 million. (+48.8% YoY)
  • Cost of sales was N400.5 million. (+89.1% YoY)
  • Administrative expenses totalled N25.9 million. (-41.7% YoY)
  • Operating profit of N34.99 million. (-35.2% YoY)
  • Loss after tax of N19.81 million was incurred
  • Loss per share for the period was 4 kobo

See link to results.

Fidson Healthcare Plc grows profit by 281.4% to N579.6 million in Q1 2021.

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

  • Revenue for the period was N6.3 billion. (+68.5% YoY)
  • Cost of sales was N3.48 billion. (+71.7% YoY)
  • Administrative expenses totalled N919.4 million. (+49% YoY)
  • Operating profit of N1.17 billion. (+111.5% YoY)
  • Profit for the period was N579.6 million. (+281.4% YoY)

See link to results.

May and Baker Nigeria Plc grows profit by 478% to N247.4 million in Q1 2021.

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

  • Revenue for the period was N2.7 billion. (+47.8% YoY)
  • Cost of sales was N1.56 billion. (+11.8% YoY)
  • Administrative expenses totalled N211.2 million. (+178.3% YoY)
  • Operating profit of N418.98 million. (+482.2% YoY)
  • Profit for the year was N247.4 million. (+478% YoY)
  • Earnings per share of 14 kobo Vs 2 kobo YoY.

See link to results.

GlaxoSmithKline Consumer Nigeria Plc reports a loss of N238.07 million in Q1 2021.

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

  • Revenue for the period was N3.5 billion. (-30.6% YoY)
  • Cost of sales was N2.4 billion. (-30.6% YoY)
  • Administrative expenses totalled N502.96 million. (+0.3% YoY)
  • Loss for the period was N238.07 million
  • Loss per share from continuing operations was 20 kobo.

See link to results.