Category: Results

2021 9M Results: Global Spectrum Energy Services Plc records a 33% slump in PBT to N153.7 million.

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Global Spectrum Energy Services Plc released its financial results for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N1.29 billion. (-28% YoY)
  • Direct cost of N934.7 million. (-30.8% YoY)
  • Administrative expenses totalled N209.6 million. (-4.6% YoY)
  • An operating profit of N158.1 million was recorded. (-32.5% YoY)
  • Profit before tax was N153.7 million. (-32.9% YoY)
  • Total assets during the period stood at N5.64 billion.

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Ekocorp Plc reports net loss of N148.2 million in 9M 2021.

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Ekocorp Plc released its earnings results for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N643.46 million. (-13.2% YoY)
  • Cost of sales was N548.86 million. (+8.1% YoY)
  • Operating expenses totalled N224.7 million. (-14.9% YoY)
  • Net loss for the period was N148.25 million.
  • Total shareholders fund stood at N2.34 billion during the period.
  • Loss per share of -29.7 kobo Vs -9.7 kobo YoY.

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The Initiates Plc reports a net loss of N94.6 million in 9M 2021.

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The Initiates Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N178.25 million. (-51.4% YoY)
  • Cost of sales for the period was N151.2 million. (-38.2% YoY)
  • Administrative expenses totalled N65.04 million. (+16% YoY)
  • Total assets during the period stood at N1.69 billion. (+49.8% YoY)
  • Loss after tax was N94.6 million.
  • Loss per share of 0.11 kobo Vs 0.01 kobo YoY.
  • Return on assets of 0.11% Vs 0.32% YoY.

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C & I Leasing Plc posts loss after tax of N170 million in 9M 2021.

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C & I Leasing Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Net lease rental income for the period was N6.43 billion (-16.5% YoY)
  • Net tracking income of N52.85 million (-40.8% YoY)
  • Net operating income was N5.08 billion. (-8.1% YoY)
  • Personnel expenses totalled N843.4 million. (-20% YoY)
  • Total assets for the period stood at N57.7 billion.
  • Loss after tax was N170 Million.
  • Earnings per share of 21.75 kobo Vs 43.90 kobo YoY.

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2021 9M Results: Unity Bank grows profit after tax by 23% to N1.94 billion.

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Unity Bank released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Net interest income for the period was N14.6 billion (+15% YoY)
  • Fee and commission income of N4.56 billion (+16% YoY)
  • Operating income was N19.4 billion. (+8% YoY)
  • Operating expenses totalled N18.3 billion. (+14% YoY)
  • Total assets for the period stood at N574.6 billion. (+17% Ytd)
  • Profit for the period was N1.94 billion. (+23% YoY)
  • Earnings per share of 16.57 kobo Vs 13.46 kobo YoY.

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Neimeth Plc posts Net Profit of N336.45 million for Q4 period ended 30th September, 2021

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Neimeth International Pharmaceutical Plc released its unaudited financial results for the Q4 period ended 30th of September 2021.

  • Revenue during the period was N3.05 billion. (+7.31% YoY)
  • Cost of sales for the period was N1.60 billion (+20.08% YoY)
  • Gross profit stood at N1.45 billion. (-3.94% YoY)
  • Operating profit for the period was N412.83 million. (+4.98% YoY)
  • Profit before tax of N247.37 million was recorded during the period.
  • Profit for the period stood at N336.45 million (+58.35%)
  • Total assets during the period stood at N6.33 billion. (-108.23mn YoY)
  • Earnings per share of 17.72 kobo Vs 11.00 kobo YoY.

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Royal Exchange Plc posts Loss After Tax of N355.94 million for Q3 period ended 30th September, 2021

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Royal Exchange Plc released its unaudited financial results for the Q3 period ended 30th of September 2021.

  • Gross premium written during the period was N610.24 million. (-74.96% YoY)
  • Gross premium income for the period was N573.53 million (-85.07%)
  • Net premium income stood at N545.86 million. (-74.20% YoY)
  • Underwriting loss for the period was N224.18 million. (-257.83% YoY)
  • Loss before tax of N342.68 million was recorded during the period.
  • Loss for the period stood at N355.94 million (-344.48%)
  • Total assets during the period stood at N13.49 billion. (-18.88bn YtD)
  • Earnings per share of –7 kobo Vs 2 kobo YoY.

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Okomu Oil Plc reports 132% growth in PAT for nine months ended 30th September, 2021

Chidinma Anyalewechi Leave a comment

Okomu Oil Plc released its unaudited financial results for the nine months period ended 30th of September 2021.

  • Revenue during the period was N31.05 billion. (+66.73% YoY)
  • Cost of sales for the period was N3.16 billion (+46.21% YoY)
  • Gross profit stood at N27.89 billion. (+69.43% YoY)
  • Operating profit for the period was N14.88 billion. (+104.97% YoY)
  • Profit before tax of N14.82 billion was recorded during the period.
  • Profit for the period stood at N11.60 billion (+132.14% YoY)
  • Total assets during the period stood at N60.50 billion. (+5.49bn YtD)
  • Earnings per share of N12.16 Vs N5.24 YoY.

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Presco Plc posts 174% growth in PAT for Q3 period ended 30th September, 2021

Chidinma Anyalewechi Leave a comment

Presco Plc released its unaudited financial results for the nine months period ended 30th of September 2021.

  • Revenue during the period was N34.24 billion. (+80.94% YoY)
  • Cost of sales for the period was N10.71billion (+53.03%)
  • Gross profit stood at N23.52 billion. (+97.32% YoY)
  • Operating profit for the period was N18.13 billion. (+132.47% YoY)
  • Profit before tax of N17.58 billion was recorded during the period.
  • Profit for the period stood at N13.78 billion (+173.84%).
  • Total assets during the period stood at N87.39 billion. (+13.62bn YtD)
  • Earnings per share of N13.78 Vs N5.03 YoY.

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Zenith Bank Plc records decline of 3.13% in Interest income for the nine-months period ended 30 September, 2021

Chidinma Anyalewechi Leave a comment

Zenith Bank Plc has released its nine-months unaudited financial statement for the period ended 30th of September, 2021.

  • Interest income during the period was N308.84 billion. (-3.13% YoY)
  • Interest expense for the period was N74.10 billion. (-20.87% YoY)
  • Net interest income for the period was N234.75 billion
  • Net Fee and commission income during the period was N78.30 billion. (+32.43% YoY)
  • Other income of N23.81 billion was recorded.
  • Profit before tax was reported as N179.81 billion. (+1.43% YoY)
  • Profit after tax for the period was N160.59 billion. (+0.80% YoY)
  • Total assets during the period was N8.75 trillion. (+270.32 bn YtD)
  • Earnings per share of N5.11 Vs N5.07.

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