Category: Energy

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2020 FY Results: Caverton Group Plc records 73% decline in profit after tax.

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Caverton Offshore Support Group Plc released its full-year results for the year ended 31st December 2020.

  • Revenue from contracts with customers was N32.17 billion. (-8% YoY)
  • Cost of sales was N18.6 billion. (-8% YoY)
  • Administrative expenses totaled N6 billion. (-15% YoY)
  • Operating profit was N5.29 billion. (-50% YoY)
  • Profit after tax was N1.18 billion. (-73% YoY)
  • Earnings per share of 35 kobo vs N1.29 YoY.
  • A dividend of 10 kobo was proposed by the Board.

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BOC Gases Nigeria Plc reports profit of N292.1 million in FY 2020.

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

  • Revenue for the year was N3.17 billion. (+3.3% YoY)
  • Cost of sales was N1.66 billion. (-0.5% YoY)
  • Administrative expenses totaled N648.9 million. (+6.2% YoY)
  • Profit for the year was N292.11 million. (+35.3% YoY)
  • Earnings per share of 70 kobo vs 52 kobo YoY.
  • A final dividend of 50 kobo was proposed

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RAK Unity Petroleum Plc posts loss of N64.2 million in FY 2020.

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RAK Unity Petroleum Company Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N1.41 billion. (-68% YoY)
  • Cost of sales was N1.32 billion. (-68.8% YoY)
  • Operating expenses totaled N153.54 million. (-32% YoY)
  • Operating loss was N63.7 million. (-147.4% YoY)
  • Loss for the year was N64.2 million. (-61.4% YoY)
  • Loss per share of N1.13 vs 70 kobo YoY.

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Total Nigeria Plc post 30% decline in 2020 FY post-tax profits

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Total Nigeria Plc released its 2020 FY results reporting a revenue of N204.16 billion representing a 30.13% decline from the N292.18 billion revenue reported a year earlier.

  • Operating expenses during the year was N27.95 billion in 2020 compared to N28.34 billion in 2019. -1.40% YoY
  • The company reported a profit after tax of N2.24 billion in 2020 compared to N2.28 billion in 2019. -1.55% cut YoY.
  • It reported an earnings per share of N6.61 in 2020 compared to N6.71 earnings per share reported in 2019. -1.49% YoY.
  • No dividend announcement was made in their press release.
  • The company share price of N143, up 10% YTD.

See link to results.

 

Conoil posts 23% decline in 2020 FY post-tax profits

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Conoil Plc released its 2020 FY results reporting revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.  

  • Operating expenses during the year was N7.64 billion in 2020 compared to N9.68 billion in 2019. –20.9% YoY 
  • The company reported a profit after tax of N1.52 billion in 2020 compared to N1.97 billion in 2019. –22.97% cut YoY.  
  • It reported an earnings per share of 219 kobo in 2020 compared to 284 kobo earnings per share reported in 2019. –22.89% YoY. 
  •  No dividend announcement was made in their press release. 
  • The company share price of N20.85, up 0.72% YTD. 

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Rak Unity Petroleum Company Plc Post N63 million post-tax loss in 2020 FY results

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Rak Unity Petroleum Company Plc released its 2020 FY results reporting a revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

  • Operating expenses during the year was N149.65 million in 2020 compared to N221.89 million in 2019. –32.56% YoY
  • The company reported a loss after tax of N63.03 million in 2020 compared to N14.52 million loss after tax in 2019.
  • It reported a loss per share of 1.11 kobo in 2020 compared to 0.26 kobo loss per share reported in 2019.
  • No dividend announcement was made in their press release.
  • The company share price of 0.30 kobo unchanged YTD.

See link to results.