Category: Industrials

You can add some category description here.

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

Chidi Emenike Leave a comment

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.

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

Chidi Emenike Leave a comment

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

Chidi Emenike Leave a comment

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.

Premier Paints reports a loss of N10.2 million in Q1 2021.

Chidi Emenike Leave a comment

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

  • Revenue for the period was N21.6 million. (-32.4% YoY)
  • Cost of sales for the period was N17.15 million. (-30% YoY)
  • Administrative expenses totalled N12.3 million. (+2.9% YoY)
  • A loss after tax of N10.16 million was incurred during the period.
  • Loss per share of -8 kobo Vs -6 kobo YoY.

See link to results.

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

Chidi Emenike Leave a comment

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.

Julius Berger profit after tax surges by over 500% to N2.83 billion in Q1 2021

Chidi Emenike Leave a comment

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

  • Revenue for the period was N71.2 billion. (+27.3% YoY)
  • Cost of sales was N58.2 billion. (+28.6% YoY)
  • Administrative expenses totalled N9.09 billion. (+0.8% YoY)
  • Operating profit of N5.15 billion. (+286.3% YoY)
  • Profit for the period was N2.83 billion. (+585.4% YoY)
  • Earnings per share of N1.52 Vs N0.72 YoY.

See link to results.

Chemical and Allied Products Plc boosts Cost of sales by 22% in Q1

Chidi Emenike Leave a comment

Chemical and Allied Products Plc (CAP ) released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N2.09 billion. (-9% YoY)
  • Cost of sales was N1.39 billion. (+22% YoY)
  • Administrative expenses totaled N413.4 million. (-2% YoY)
  • Profit for the period was N203.4 million. (-55% YoY)
  • Earnings per share of 29 kobo Vs 65 kobo YoY.
  • Net asset per share was N5.64

See link to results.

Dangote Cement Plc to hold AGM on May 26th

Chidi Emenike Leave a comment

The Board of Dangote Cement Plc has announced that it will host its Annual General Meeting on the 26th of May, 2021.

This is according to a notification signed by the company’s secretary, Mahmud Kazaure 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:

  • Dangote Cement Plc had earlier reported a profit after tax of N276.07 billion in FY 2020.
  • In line with CAC guidelines, attendance at the AGM will be by proxy. Sequel to this, a list comprising of eight (8) representatives authorized to represent shareholders, have been made available.
  • If approved, dividends are expected to be paid to qualified shareholders on 27th of May, 2021.
  • The Annual General Meeting will be streamed live from the company’s website (http://www.dangotecement.com) or (https://www.youtube.com/dangotegroup).

For more information about the AGM, click HERE.

Lafarge Africa Plc notifies stakeholders of 62nd Annual General Meeting.

Chidi Emenike Leave a comment

The Board of Lafarge Africa Plc has notified the investing public and other relevant stakeholders of its imminent 62nd Annual General Meeting (AGM) scheduled to hold on 25th of May, 2021 at Civic Centre, Mbadiwe Road, Victoria Island, Lagos by 10:00am.

According to a disclosure signed by the company’s secretary, Adewunmi Alode and seen by Nairametrics, the Register of members and Transfer Books of the company will be closed from 4th to 7th of May, 2021 (both dates inclusive) to enable the Registrar update its records. Sequel to this, the following issues will be discussed at the AGM;

  • The audited financial statements of the company for the period ended 31st December 2020.
  • The dividend of N1 per share recommended by the Board will also be deliberated upon and if approved, will be paid to qualified shareholders on the 25th of May, 2021 (Ceteris Paribus)
  • Auditors and Directors remuneration for the year 2021 will be discussed and fixed.
  • To approve a general mandate authorizing the company to procure goods and services for its operational activities during the year, from related parties or interested persons on normal commercial terms.
  • To elect members of the audit committee.
  • To consider and ratify board appointments.

What you should know:

  • In line with CAC guidelines, the AGM will be conducted through the use of proxies.
  • Recall that Lafarge Plc had earlier declared a profit after tax of N30.8 billion in FY 2020.
  • To stream the AGM live, visit: https://youtu.be/nuGqMjIn2Y0

For more information about the AGM, click HERE.

BUA Cement Plc announces Board Meeting

Chidi Emenike Leave a comment

BUA Cement Plc has notified stakeholders and the investing public of its imminent Board of Directors meeting, scheduled on April 28, 2021.

This is according to a disclosure signed by the Company’s secretary, Ahmed Aliyu and sent to the Nigerian Stock Exchange.

The meeting is scheduled to consider the unaudited financial statements of the company for the quarter ended 31st of March, 2021 (Q1, 2021) along with other corporate actions. In line with this, the company will be observing a closed period from 7th of April, 2021 until 24 hours after the unaudited financial statements have been filled with The Exchange.

What you should know:

  • During the close period, no insider of BUA Cement Plc will be able to deal with its shares, whether directly or indirectly.
  • BUA Cement Plc had earlier reported a Profit before tax of N72.3 billion in FY 2020.

For more information about the notice, click HERE.