Meyer Plc approves interim dividend worth N796.9 million for 2021 half year.

The Board of Directors of Meyer Plc has approved the payment of an interim dividend of N1.50 per ordinary share of 50 kobo for the period ended June 30, 2021.

The dividend will be paid on all the outstanding 531,237,723 ordinary shares of the company, thereby raising the total amount to be paid by the firm to N796, 856,584.50

According to a disclosure signed by the company’s secretary, Kalu O. Kalu and filed with the Nigerian Exchange Group Limited (NGX), the dividends will be disbursed electronically on the 25th of August, 2021, to all qualified shareholders whose names appear on the Register of Members as at 13th of August, 2021.

To fast track the process, the company announced that it will close the register of its shareholders from 16th of August to 20th of August, 2021. The qualifying conditions for shareholders to participate are succinctly captured below;

  • Shareholders must have completed e-dividend registration.
  • Shareholders must have authorized the company’s registrar (Greenwich Registrars & Data Solutions Limited) to pay the dividends directly into the respective shareholder’s bank account.

What you should know:

  • Meyer Plc is a renowned manufacturer and marketer of high quality paint products in Nigeria. The firm had earlier reported a half year loss of N9.33 million for the period ended June 30, 2021
  • As at the period of reporting this, Meyer Plc share price currently trades at 59 kobo.

 

CWG Plc reports a 10% decline in profit to N286.4 million in HY 2021.

CWG Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N5.97 billion. (+9.8% YoY)
  • Cost of sales was N4.5 billion. (+13.7% YoY)
  • Operating expenses totalled N1.05 billion. (+4.46% YoY)
  • EBITDA of N486.6 million.
  • Profit for the period was N286.41 million. (+9.8% YoY)
  • Total asset for the period stood at N10.53 billion.

See link to results.

Julius Berger Nigeria profit after tax surge by 346% to N4.76 billion in HY 2021.

Julius Berger Nigeria Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N146.31 billion. (+43.4% YoY)
  • Cost of sales was N118.9 billion. (+42.6% YoY)
  • Administrative expenses totalled N17.8 billion. (+13% YoY)
  • An operating profit of N10.4 billion was recorded.
  • Profit after tax for the period was N4.76 billion. (+346.3% YoY)
  • Earnings per share of N3.01 Vs N0.01 YoY.

See link to results.

Northern Nigeria Flour Mills Plc grows profit by 21% to N82.9 million in Q1 2021.

Northern Nigeria Flour Mills Plc released its unaudited financial results for the first quarter of the year ended June 30, 2021.

  • Revenue for the period was N3.56 billion. (+87% YoY)
  • Cost of sales was N3.25 billion. (+88.3% YoY)
  • Administrative expenses totalled N170.7 million. (+106.4% YoY)
  • An operating profit of N147.9 million was recorded. (+25.05% YoY)
  • Profit after tax for the period was N82.9 million. (+20.96% YoY)
  • Earnings per share of 46 kobo Vs 38 kobo YoY.

See link to results.

Nigerian Breweries Plc reports a 38% increase in profit to N7.7billion in Q2 2021.

Nigerian Breweries Plc released its unaudited financial results for the second quarter of the year ended June 30, 2021.

  • Revenue for the period was N209.3 Billion. (+37.8% YoY)
  • Cost of sales was N131.3 billion. (+41.7% YoY)
  • Marketing, distribution and administrative expenses totalled N58.63 billion. (+32.0% YoY)
  • Profit for the period was N7.72 billion. (+38.1% YoY)
  • Earnings per share of 96 kobo Vs 71 kobo YoY.

Commenting on the results, the Board said: ‘The impact of Coronavirus (Covid-19) pandemic on the economy and by implication, the Company, continued during the period under review. Our priority remained protecting the health, safety and welfare of employees, customers and partners. We regularly monitored and evaluated the Company’s financial position and performance in the light of the pandemic; our Balance Sheet remained strong. The focus of the Board and Management continues to be the mitigation of the impact of the pandemic on the business.’’

 

See link to results.

Beta Glass Plc grows profit by 112% to N2.82 billion in HY 2021.

Beta Glass Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N15.58 billion. (+37.4% YoY)
  • Cost of sales was N10.8 billion. (+16.0% YoY)
  • Administrative expenses totalled N916.3 million. (+16.9% YoY)
  • An operating profit of N4.24 billion was recorded. (+214.9% YoY)
  • Profit after tax for the period was N2.82 billion. (+112.5% YoY)
  • Earnings per share of N5.63 kobo Vs N2.65 kobo YoY

See link to results.

Dangote Cement Plc grows half year profit by 52% to N191.6 billion.

Dangote Cement Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N690.55 billion. (+44.8% YoY)
  • Cost of sales was N276.12 billion. (+36.41% YoY)
  • Operating profit of N302.2 billion. (+74.2% YoY)
  • Administrative expenses totalled N30.71 billion. (+17.9% YoY)
  • Profit for the period was N191.6 billion. (+51.9% YoY)
  • Earnings per share of N11.21 Vs N7.45 YoY

See link to results.

2021 HY Results: GSK Plc profit after tax slumps by over 80.3% to N59.91 million.

GlaxoSmithKline Consumer Nigeria Plc released its unaudited financial results for the period ended 30th June, 2021.

  • Revenue for the period was N9.9 billion (-5.46% YoY)
  • Cost of sales was N7.09 billion. (-7.5% YoY)
  • Administrative expenses totalled N1.01 billion. (+13.3% YoY)
  • Profit after tax for the period was N59.91 million. (-80.3% YoY)
  • Earnings per share of 5 kobo Vs 25 kobo YoY.

See link to results.