Category: Industrials

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BUA Cement Plc holds FY 2020 investors presentation.

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BUA Cement Plc held its FY 2020 results presentation to investors and analysts. Below are the facts to the figures;

  • The cement company attained 60% capacity utilization, dispatching over 5.1mmt volume of cement in 2020.
  • The company closed with a market capitalization of N2.6trillion as at December 2020.
  • It also emerged as the largest cement producer in the North-West, South-South and South-East regions of the country.
  • Profit before and after-tax rose by 19.1% and 19.4% to N78.9 billion and N72.3 billion respectively.
  • EBITDA increased by 18% YoY to N96.8 billion as at FY 2020.
  • The cement company issued a total of N115 billion corporate bonds, the largest in the history of the Nigerian Debt Capital Market.
  • The company also revealed that it is currently expanding output capacity from 11mmtpa in 2021 to 20 mmtpa with the construction of new lines at Adamawa, Edo and Sokoto states.

For more information about the investors’ presentation, click HERE.

Dangote Cement Plc announces Board meeting.

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Dangote Cement Plc has notified stakeholders and the investing public of its imminent Board of Directors meeting, scheduled on April 29, 2021.

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

The meeting is most likely to consider the unaudited financial statements of the company for the quarter ended 31st of March, 2021 (Q1, 2021) and a host of other germane issues. Sequel to this, the company will be observing a close period from 14th 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 Dangote Cement Plc will be able to deal with its shares, whether directly or indirectly.
  • Dangote Cement Plc had earlier reported a Profit of N276.07 billion in FY 2020.

For more information about the notice, click HERE.

Nigerian Breweries announces option for shareholders to receive final dividend as new shares instead of cash.

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The Nigerian Breweries Plc has proposed a ‘’Scrip Dividend Election Scheme’’, that gives qualified shareholders the opportunity to choose to receive their final dividends in the form of new ordinary shares in the company instead of cash.

This is according to a notification sent by the company to the Nigerian Stock Exchange platform, as seen by Nairametrics.

Outlining the benefits of the scheme, the notice remarked that qualified shareholders who opted to receive new ordinary shares would thus be able to increase the number of shares they hold in the company without incurring capital market transaction costs. In addition, the scheme has the potential of helping the company to retain cash (for working capital purposes) that it would have paid out in dividends.

It is pertinent to note that ‘Qualified Shareholders’ in this context are those, whose names appear in the company’s register of members as at close of business on the 10th of March, 2021.

What you should know:

  • Recall that Nigeria Breweries Plc had earlier announced a profit of N7.53 billion in FY 2020. Sequel to this, a final dividend of 69 kobo per share was proposed by the Board.
  • Qualified shareholders who wish to opt for the scheme are expected to complete an Election form (available HERE) and return same to First Registrars and Investors Service Limited on or before the 12th of April, 2021.
  • It is pertinent to note that the number of new ordinary shares to be received by qualifying shareholders who elect for new shares, will depend on their respective cash dividend entitlements (less withholding tax) and the reference share price.

Julius Berger Nigeria Plc proposed final dividend of N633.6 million for shareholders.

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The Board of Directors of Julius Berger Nigeria Plc has proposed a final dividend of 40 kobo for every share of 50 kobo held by shareholders, amounting to a total of N633.6 million for the year ended 2020.

This is according to a disclosure signed by the company’s secretary, C.E Madueke, and sent to the Nigerian Stock Exchange.

According to the notice, dividends will be paid electronically to qualified shareholders’ on 18th of June, 2021. The qualified shareholders are those, whose names appear in the Register of Members as at the close of trading on 28th of May, 2021.  Other qualifying conditions are;

  • Shareholders must have completed the e-dividend registration.
  • In addition, shareholders must have mandated the Registrar (Greenwich Registrars and Data Solution Limited) to pay their dividend directly into their bank accounts.

On the other hand, the board of the company also proposed a bonus issue of one (1) new ordinary share for every ninety-nine (99) existing ordinary share held by shareholders.

What you should know:

  • The Bank is expected to discuss this proposed dividend in its Annual General Meeting scheduled to hold on 17th of June, 2021 at Shehu-Musa Yar’Adua center, Abuja.
  • The company had earlier reported a 72.2% surge in its Profit before tax YoY.
  • The company currently has 1,584,000,000 units of outstanding shares

For more information about the proposed dividend, click HERE

Aluminium Extrusion Industries Plc posts N149.38 million profit in FY 2020.

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Aluminium Extrusion Industries Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N2.33 billion. (-10.7% YoY)
  • The cost of sales was N2.06 billion. (-10.4% YoY)
  • Gross profit was N267.55 million. (-12.8% YoY)
  • Administrative and finance cost totaled N167.58 million. (-13.9% YoY)
  • Profit for the year was N149.38 million. (+133.6% YoY)
  • Earnings per share of 68 kobo vs 29 kobo YoY.
  • No dividend announcement was made.

See link to results.

Dangote Cement Plc posts N276.07 billion profit in FY 2020.

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Dangote Cement Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N1.034 trillion. (+16% YoY)
  • The cost of sales was N437.97 billion. (+15% YoY)
  • Operating profit was N386.73 billion. (+29% YoY)
  • Profit for the year was N276.07 billion. (+38% YoY)
  • Earnings per share of N16.14. (+38% YoY)
  • A dividend of N16 was recommended by the board.

See link to results.

Sales volumes crash for Northern Nigeria Flour Mills Plc

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Northern Nigeria Flour Mills Plc released its third-quarter results for the period ending December 2020

  • Revenue of N2.1 billion  (-16% YoY).
  • Cement volumes in metrics tonnes 7.834 vs 13,064
  • Operating expenses of N162 million (+90.5% YoY)
  • Loss per share -53 kobo versus -33 kobo YoY
  • The company share price of N8.75, up 29.82% YTD.
  • The stock is trading at 55% to its Net Book Value and a price-earnings multiple of N4.7

Bottom Line: The crash in volumes was the major reason for the losses. The company has lost more ground to the competition.  This company could be a target for a merger soon.

See link to results.