Meyer Plc grows profit by 109% to N9.5 million in 9M 2021.

Meyer Plc released its unaudited financial statements for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N759.2 million. (+34% YoY)
  • Cost of sales was N504.7 million (+40% YoY)
  • Administrative expenses totalled N323.4 million. (-8% YoY)
  • Total assets for the period stood at N2.05 billion
  • Profit for the period was N9.47 million. (+109% YoY)
  • Earnings per share of 2 kobo. (+110% YoY)

See link to results.

International Breweries Plc announces board meeting, closed period.

International Breweries Plc has announced that its board of directors will meet on Wednesday 27h of October, 2021 to deliberate on the company’s unaudited financial results for the period ended September 30, 2021 and other related matters.

Consequently, the company announced that it has already commenced a closed period from September 30, 2021. The closed period is expected to persist until 24 hours after the firm’s unaudited financial statements have been filed with the Nigerian Exchange Group Limited and made public.

This is according to a disclosure signed by the company’s secretary, Muyiwa Ayojimi and sent to the Nigerian Exchange Group Limited (NGX).

It is pertinent to note that the closed period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). During this period, individuals with sensitive information about stock performance such as; Directors, managers, employees, consultants and their connected persons, are prohibited from trading in the shares of the bank either directly or indirectly.

For more information about the board meeting, click HERE.

 

Cutix Plc CEO sells off shares worth N3.9 million.

The Chief Executive Officer of Cutix Plc, Mrs. Oduonye Ijeoma Agnes, has sold off 795,000 units of the company’s shares, valued at ₦3.9 million.

This is contained in a notice signed by the company’s secretary, Chinwendu Nwokporo, and forwarded to the Nigerian Exchange Limited (NGX).

According to the disclosure, the transaction which took place on the 5th of October, 2021 at the floor of the NGX, saw the CEO  disposed 795,000 units of shares at an average price of N4.92 per share. This put the total consideration for the shares purchased by the CEO at ₦3,911,400.

It is imperative to note that the disclosure is in line with The Exchange’s policy on insider dealings. It is pertinent because it helps to engender transparency and maintain public trust in the financial system.

What you should know:

  • As at 31st of July 2021, Mrs. Oduonye Ijeoma Agnes holds about 4,795,000 units of direct shares in Cutix Plc, translating to about 0.39% of the total shareholdings in the firm.
  • Cutix Plc closed trading for the week ended 8th of October, 2021 at N4.85/share on the floor of the Nigerian Exchange Limited (NGX).

 

Ellah Lakes reschedules Annual General Meeting (AGM) to November 22.

Ellah Lakes Plc has notified shareholders and the general public, of a change in the date of its forthcoming Annual General Meeting (AGM) earlier scheduled to hold on 8th of October, 2021.

According to a notice issued by the company dated 5th of October, 2021 and filed with the Nigerian Exchange Limited (NGX), the AGM will now hold on Monday, 22nd of November, 2021 at 11:00 am prompt.

The company had earlier disclosed that the forth coming AGM was scheduled to consider the proposed listing of the company shares on the London Stock Exchange (LSE) and approve its audited financial statements for the year ended July 31, 2021, among other topical issues.

Consequently, the date for the closure of its register and transfer books was moved from an initial dates of September 20-24, 2021 (with both dates inclusive) to November 8-12, 2021 (both dates inclusive).

What you should know:

  • Ellah Lakes Plc opened trading today 8th of October, 2021 with a share price of N4.25 on the floor of the Nigerian Exchange Limited (NGX).

See link to recent disclosure.

BUA Cement Plc announces board meeting, closed period ahead of Q3 2021 results.

The Board of Directors of BUA Cement Plc has scheduled to meet on Thursday, 21st of October 2021, to consider amongst other matters, the unaudited financial statements for the third quarter of the year ended September 30, 2021.

This is according to a notice signed by the company’s secretary, Ahmed Aliyu, and filed with the Nigerian Exchange Limited (NGX).

In compliance with the post listing requirements of the Nigerian Exchange Limited for listed Companies, BUA Cement Plc also announced that it has commenced a closed period for trading in its shares since October 1st, 2021. The closed period will last until 24 hours after the financial results have been released to the NGX and made public.

Accordingly, no Director, Manager and other related and interested parties privileged to have sensitive information, which may materially affect the price of the securities of the Company, and persons connected to them may directly or indirectly deal in the shares of the Company

 

For more information about the disclosure, click HERE.

Berger Paints Nigeria Plc: Notice of Board Meeting/Closed Period.

Berger Paints Nigeria Plc has notified its shareholders, the investing public and other relevant stakeholders that it will be hosting a Board of Directors Meeting on Thursday, October 28, 2021.

This is according to a notice signed by the company’s secretary, Ayokunle Ayoko, and filed with the Nigerian Exchange Limited (NGX).

According to the notice, the board meeting is scheduled to enable the Directors review and approve the company’s unaudited financial accounts for the third quarter ended 30th of September, 2021.

In line with the statutory provisions of the NGX, the company disclosed that it had already commenced a closed period from October 1, 2021. The closed period will last until 24 hours after the financial results have been released to the NGX and made public.

During the closed period, all insiders and their connected persons are prohibited from trading (i.e. buying, selling, transferring or otherwise dealing) in the company’s shares.

 

For more information about the disclosure, click HERE.

 

Dangote cement announces board meeting, closed period.

Dangote Cement Plc has notified shareholders and the investing public of its forthcoming Board of Directors meeting scheduled to hold on October 28, 2021.

This is according to a notice signed by the company’s secretary, Edward Imoedemhe, and filed with the Nigerian Exchange Limited (NGX).

According to the disclosure, the meeting is scheduled to enable Board members discuss matters affecting the company, including finalizing steps for the release of its financial statements.

Consequently, the company announced that it will be observing a closed period from October 1, 2021, until twenty-four (24) hours after the financial statements and details of the meeting are published via the NGX Issuers’ portal.

During the closed period, insiders and their connected persons are prohibited from either buying or selling the company’s shares.

For more information about the disclosure, click HERE.

Japaul Gold and Ventures Plc reports a loss after tax of N257.5 million in HY 2021

Japaul Gold and Ventures Plc released its financial results for the half year period ended 30th of June, 2021.

  • Turnover for the period was N313.6 million. (-4.1% YoY)
  • Cost of sales was N221.9 million. (+27.9% YoY)
  • Administrative costs totalled N408.4 million. (-11% YoY)
  • An operating loss of N256.8 million was incurred during the period.
  • Loss for the year from continued operations was N257.5 million.
  • Net assets during the period stood at N2.56 billion.

See link to results.

 

2021 H1 Results: Japaul Gold and Ventures Plc reports half year loss of N257.54 million.

Japaul Gold and Ventures Plc released its unaudited financial results for the period ended June 30, 2021.

  • Turnover for the period was N313.62 million. (-4.1% YoY)
  • Cost of sales was N221.9 million. (+27.9% YoY)
  • Administrative cost of N408.4 million. (-11% YoY)
  • An operating loss of N256.8 million was incurred.
  • Net assets during the period stood at N2.56 billion.
  • Loss for the year from continued operations of N257.54 million.(-772.6% YoY)

See link to results.

Dangote Cement appoints Philip Mathew as Deputy Managing Director.

Dangote Cement, a leading cement manufacturer in Africa, has announced the appointment of Mr. Philip Mathew as its new Deputy Group Managing Director/Chief Executive Officer with effect from September 15, 2021.

This was disclosed by the company in a statement signed by its secretary, Edward Imoedemhe, and made available on the website of the Nigerian Exchange Limited (NGX).

About Mr. Mathew

Mr. Philip Mathew is a professional with 34 years of working experience in large global and regional cement industries and has been involved in project management from feasibility to commissioning and stabilization.

He has worked with multicultural teams in different countries and held several roles, including Process Engineer, Optimisation Manager, Plant Manager, Technical Director, Director Performance and Progress, Chief Manufacturing Officer, and recently, Head of Cement Excellence Manufacturing for the AsiaPacific region; defining the strategic goals and ambitions for cement manufacturing at regional level for a global cement company.

As at the period of reporting this, Dangote Cement currently trades at N241.9 on the floor of the Nigerian Exchange Limited (NGX).

For more information about the appointment, click HERE.