Category: Industrials

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Lafarge Africa Plc grows half-year profit by 21% to N28.3 billion.

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Lafarge Africa Plc released its unaudited financial results for the period ended 30th June, 2021.

  • Revenue for the period was N145.01 billion (+20.3% YoY)
  • Cost of sales was N96.97 billion. (+23.01% YoY)
  • Operating profit was N38.22 billion. (+16.5% YoY)
  • Administrative expenses totalled N9.17 billion. (+17.1% YoY)
  • Profit after tax for the period was N28.3 billion. (+21.4% YoY)
  • Earnings per share of N1.76 Vs N1.45 YoY.

See link to results.

BUA Cement Profit After Tax Surge By 25% to N43.4 billion In HY 2021.

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

  • Revenue for the period was N124.3 billion (+22.7% YoY)
  • Cost of sales was N66.16 billion. (+19.1% YoY)
  • Operating profit was N50.5 billion. (+23.8% YoY)
  • Administrative expenses totalled N4.17 billion. (+57.9% YoY)
  • Profit after tax for the period was N43.4 billion. (+24.6% YoY)
  • Earnings per share of N1.28 Vs N1.03 YoY.

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Beta Glass Plc announces the appointment of two new directors.

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Beta Glass Plc has announced the appointment of Mr Emmanouil Metaxakis and Mrs Clare Omatseye into its board as directors, with both appointments effective from July 1, 2021.

According to a notice signed by the company’s secretary, Bola Adebisi, and filed with the Nigerian Exchange Group Limited (NGX), Mr Emmanouil Metaxakis was appointed into the Board as Non-Executive Director, while Mrs Clare Omatseye was appointed as an Independent Non-Executive Director.

Profile of the newly appointed directors

Mr Metaxakis is currently Frigoglass Group Chief Finance Officer, having served in various capacities in the company ranging from the Head of Financial Performance, among other roles. Prior to joining Frigoglass Group, he spent five years with Deloitte management consulting. He holds a Bachelor’s Degree in Business Administration from the University of Piraeus, Greece and a Master’s Degree in Corporate Finance from SDA Bocconi, Milan, Italy.

Mrs Clare Omatseye is the Managing Director of JNC International Limited (JNCI), a renowned Turnkey Medical Equipment Solutions Company. She is also the Founder/Chairman of Vaccipharm Limited, a leading vaccine and cold chain distribution company.

Mrs Omatseye sits on the Board of several reputable organizations. She is an alumna of Ahmadu BelloUniversity (ABU) Zaria where she obtained a Bachelor’s degree in Pharmacy. She further obtained an MBA from the University of Navarra (IESE) Barcelona, Spain.

As at the period of reporting this, Beta Glass Plc share price currently trades at N50.10.

 

Vitafoam Nigeria Plc Posts N3.41 billion Profit in 9M 2020.

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Vitafoam Nigeria Plc released its unaudited financial results for the nine months period ended June 30, 2021.

  • Revenue for the period was N26.8 billion. (+63% YoY)
  • Cost of sales was N17.3 billion. (+85% YoY)
  • An operating profit of N5.1 billion was recorded.(+40.4% YoY)
  • Administrative expenses totalled N3.76 billion. (+20.3% YoY)
  • Profit for the period was N3.41 billion. (+59.2% YoY)
  • Earnings per share of N2.92 Vs N1.61 YoY.

See link to results.

Nascon Allied Industries Plc rakes in N1.45 billion profits in 6 months.

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Nascon Allied Industries Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N17.57 billion. (+20.9% YoY)
  • Cost of sales was N10.6 billion. (+22.1% YoY)
  • Operating profit was N2.13 billion. (-12.1% YoY)
  • Administrative expenses totalled N1.36 billion. (+29.9% YoY)
  • Profit for the period was N1.45 billion. (-2.5% YoY)
  • Earnings per share of N1.09 Vs N1.12 YoY
  • Total assets for the period was N45.7 billion

See link to results.

Aluminium Extrusion Industries Plc grows profit by over 2,000% in 2021 Half Year.

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Aluminium Extrusion Industries Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N1.4 billion. (+37.3% YoY)
  • Cost of sales was N1.16 billion. (+36.2% YoY)
  • Administrative expenses totalled N77.5 million. (+6.7% YoY)
  • Profit after tax was N68.3 million. (+2,184% YoY)
  • Earnings per share of 31 kobo Vs 1 kobo YoY.

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Secure Electronic Technology Plc reports loss after tax of N23.95 million in H1 2021.

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Secure Electronic Technology Plc released its unaudited financial results for the half year ended 30th of June, 2021.

  • Gross sales for the period was N2.05 billion (+0.4% YoY)
  • Net income for the period was N89.3 million.(-6.9% YoY)
  • Administrative expenses totalled N112.8 million. (+15.5% YoY)
  • Loss after tax was N23.95 million.
  • Loss per share of -0.43kobo Vs -0.05kobo YoY.

See link to results.

Tripple Gee & Company Plc reports a loss after tax of N62.47 million in Q1 2021.

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Tripple Gee & Company Plc released its unaudited results for the period ended 30th of June, 2021.

  • Turnover for the period was N256.9 million. (+107% YoY)
  • Cost of sales was N192.6 million. (+71% YoY)
  • Distribution and administrative expenses totalled N118.01 million (+72% YoY)
  • Loss after tax for the period was N62.47 million.
  • Loss per share of -13 kobo Vs -12kobo YoY.

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BOC Gases Nigeria Plc reports profit after tax of N168.44 million in H1 2021.

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BOC Gases Nigeria Plc released its unaudited half-year results for the period ended 30th of June, 2021.

  • Revenue for the period was N1.77 billion. (+20% YoY)
  • Cost of sales for the period was N864.5 million. (+19% YoY)
  • Administrative expenses totalled N355.4 million. (+20% YoY)
  • An operating profit of N297.6 million was reported in the period.
  • Profit after tax for the period was N168.44 million.(+27% YoY)
  • Earnings per share of 40 kobo Vs 32 kobo YoY.

See link to results.

Unilever Nigeria profit surge by 238% to N714.8 million in H1 2021.

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Unilever Nigeria Plc released its unaudited interim financial statements for the six months ended 30th of June, 2021.

  • Revenue for the period was N39.2 billion. (+43.2% YoY)
  • Cost of sales for the period was N29.3 billion. (+38.2% YoY)
  • Marketing and administrative expenses totalled N1.7 billion. (+34.3% YoY)
  • Operating profit for the period was N422.4 million. (+130% YoY)
  • Profit for the period was N714.8 million. (+237.7% YoY)
  • Earnings per share was 12 kobo (+233.3% YoY)

See link to results.