International Breweries Plc reports a loss of N12.4 billion in FY 2020.

International Breweries Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N136.8 billion. (+3.4% YoY)
  • Cost of sales was N106.3 billion. (-0.8% YoY)
  • Gross profit was N30.47 billion. (+20.9% YoY)
  • Administrative expenses was N27.92 billion. (+6.7% YoY)
  • A loss after tax of N12.4 billion was reported for the year.
  • Loss per share of -47 kobo Vs -N1.16 YoY.
  • No dividend announcement was made.

See link to results.

2020 FY Results: Nigerian Breweries reports a 54.3% decline in profits in 2020

Nigerian Breweries Plc released its audited results for the year ended December 2020.

  • Revenue for the year was N337.00 billion. (+4.3% YoY)
  • Profit for the year was N7.53 billion in 2020. (-54.3% YoY)
  • Earnings per share for the period under review was 92kobo. (-54.2% YoY).
  • The leading brewer proposed a final dividend of 69 kobo per share. (2019: 151 kobo per share)
  • The company share price of N50, as of 4th of March 2021, is -10.72% down year to date.

See link to results

Dangote Sugar increases post tax profit by 33%, as earnings per share prints at N2.45

Dangote Sugar released its full-year results for the year ended 31 December 2020.

  • Revenue during the year was N214.30 billion. (+33.03% YoY)
  • Operating profit during the year was N44.44 billion. (+48.47%YoY)
  • The company reported a profit after tax of N29.78 billion. (+33.16% YoY)
  • Earnings per share N2.45 vs N1.87. (+31.02% YoY)
  • A dividend of N1.50k was proposed by the Board of Directors.
  • The company share price is trading at N16.50. (-6.25% year to date)

See link to results.

2020 FY Results: Nestle posts  N39.2 billion, as earnings per share prints N49.47

Nestle Nigeria Plc released its audited results for the year ended December 2020.

  • Revenue increased to N287.1 billion. (+1.07% YoY)
  • Profit before income tax was N60.6 billion in 2020. (-15.5%)
  • Earnings per share for the period under review was N49.47. (-14.16%).
  • Nestle proposed a dividend of N35.50 for the year ended 2020.
  • The company share price of N1,450, as of when the result was published is 3.65% down year to date.

See link to results