2021 HY Results: C & I Leasing Plc half year profit slumps by 58% to N113 million.

C & I Leasing Plc released its unaudited financial results for the half year period ended 30th of June, 2021.

  • Gross earnings for the period stood at N9.3 billion. (-15.5% YoY)
  • Net lease rental income was N4.3 billion. (-17.04% YoY)
  • Net outsourcing income of N597.11 million. (-13.3% YoY)
  • Net tracking income of N38.9 million. (-35.7% YoY)
  • Total assets during the period stood at N58.01 billion.
  • Personnel expenses totalled N546.3 million. (-17.9% YoY)
  • Profit after tax was N113 million. (-57.8% YoY).
  • Basic earnings per share of 13 kobo Vs 36 kobo YoY.

See link to results.

Access Bank grows half year profit by 42% to N86.94 billion in HY 2021.

Access Bank Plc released its interim financial statements for the period ended 30th of June, 2021.

  • Net interest income after impairment charges was N171.4 billion. (+56.2% YoY)
  • Net fee and commission income of N58.73 billion. (+44.7% YoY)
  • Personnel expenses totalled N43.6 billion. (+20.3% YoY)
  • Deposits from customers grew to N5.97 trillion.
  • Profit for the period was N86.94 billion. (+42.4% YoY)
  • Earnings per share of N2.48 Vs N1.73 YoY.
  • A dividend of 30 kobo per share was proposed by the board.

See link to results.

Cutix Plc grows profit after tax by 5% to N137.02 million in Q1 2021.

Cutix Plc released its unaudited financial results for the first quarter of the year ended 31st of July, 2021.

  • Revenue for the period was N1.86 billion. (+25.3% YoY)
  • Cost of sales was N1.39 billion. (+27.6% YoY)
  • Administrative expenses totalled N188 million. (+44.5% YoY)
  • An operating profit of N234.97 million was declared.
  • Profit for the period was N137.02 million. (+5% YoY)
  • Earnings per share of 8 kobo Vs 7 kobo YoY.

See link to results.

Guinness Nigeria grows profit by 110% to N1.26 billion in FY 2020.

Guinness Nigeria Plc released its full-year audited financial statement for the year ended 30th of June, 2021.

  • Revenue for the period was N160.42 billion. (+54% YoY)
  • Cost of sales was N114.71 billion. (+61% YoY)
  • Administrative expenses totalled N10.5 billion. (-27% YoY)
  • Operating profit was N9.87 billion (+177% YoY)
  • Profit for the year was N1.26 billion. (+110% YoY)
  • Earnings per share of 57 kobo. (+110% YoY)
  • The Board recommended dividends totalling N1 billion.

See link to results.

Bricklinks Africa Plc reports profit after tax of N0.34m in Q2 2021.

Bricklinks Africa Plc released its unaudited financial statements for the second quarter ended June 30, 2021.

  • Revenue for the period was N27.37m. (+1.5% QoQ)
  • Cost of sales was N18.43 million. (+1.5% QoQ)
  • Operating expenses totalled N8.6 million. (+1.5% QoQ)
  • Profit for the year was N0.34million. (+200.4% QoQ)
  • Earnings per share of 3.44 kobo Vs 3.42 kobo QoQ.
  • Total assets for the period stood at N799.6 million.

See link to results.

Flour Mills of Nigeria Plc declares N6.8 billion as final dividend for 2020.

The Board of a leading food and agro allied company, Flour Mills of Nigeria Plc (FMN), has announced the payment of N6.8 billion to its shareholders as the final dividend for the period ended 31st of March 2021.

According to a notice filed with the Nigerian Exchange Limited (NGX), Flour Mills of Nigeria Plc is expected to pay a final dividend of N1.65 per share on all the outstanding 4,100,379,605 ordinary shares of the company. This brings the total dividend pay out to qualified shareholders to N6.8 billion.

In addition, the notice also revealed that the dividend will be paid electronically to shareholders on the 9th of September, 2021, subject to appropriate withholding tax and approval at the Company’s Annual General Meeting scheduled to hold on 8th of September, 2021 at Eko Hotels and Suites, Lagos, by 2:00pm prompt.

To qualify for participation, shareholders must meet the following requirements;

  • Shareholders must have completed the e-dividend registration and must have mandated the Registrar (Atlas Registrars Limited) to pay their dividends directly into their bank accounts.
  • Only shareholders whose names appear on the Register of Members as at the close of business on 13th of August, 2021 will be considered
  • In light of the above, the Register of Members will be closed from Monday 16th of August to Friday 20th of August, 2021.

It is pertinent to note that the recent dividend declaration of N1.65 per share is 18% higher than the final dividend declared in corresponding period of last year (FY 2019: N1.40 per share).

What you should know:

  • Flour Mills of Nigeria Plc declared in its audited financial statements for 2020, that it made a profit after tax of N25.72 billion, indicating a surge of about 126% when compared with 2019 figures.
  • Consequently, the company’s earnings per share (EPS) during the period under review advanced by 183.6% YoY to print at N6.38.
  • As at the period of reporting this, Flour Mills of Nigeria Plc currently trades at N29.60 per share on the floor of the Nigerian Exchange Limited (NGX).

 

 

CHI Plc approves interim dividend worth N214.09 million for 2021 half year.

The Board of Consolidated Hallmark Insurance Plc has approved the payment of an interim dividend of N214.09 million representing 2 kobo per share on all the outstanding 10,704,500,000 shares of the company for the period ended June 30, 2021.

According to a notice signed by the company’s secretary, Rukevwe Falana and filed with the Nigerian Exchange Group Limited (NGX), the dividends will be paid on the 2nd of September, 2021, to all qualified shareholders whose names appear on the Register of Members as at close of business on Friday, August 13, 2021.

Confirming the recent development, a part of the notice filed with the Exchange read: ‘’ An interim dividend of 2Kobo per ordinary share of 50Kobo subject to appropriate withholding tax will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, August 13, 2021’’

To fast track the process, the company also announced that it will close the register of its shareholders from 16th of August to 20th of August, 2021.

To effectively participate in the recent corporate action, shareholders are to fulfill the following requirements;

  • Shareholders must have completed e-dividend registration.
  • Shareholders must have authorized the company’s registrar (Meristem Registrars and Probate Services Limited) to pay the dividends directly into the respective shareholder’s bank account.

What you should know:

  • CHI Plc had earlier reported a profit after tax of N436.5 million for the half year period ended June 30, 2021, indicating an increase of about 47.7% YoY. Earnings per share also printed at 5.4 kobo during the period under review
  • CHI Plc is currently trading on the floor of the NGX at 59 kobo/share.

 

 

Coronation Insurance profit dip by 20% to N796.5 million in half year 2021.

Coronation Insurance Plc released its unaudited financial statements for the period ended June 30, 2021.

  • Gross premium written for the period was N10.8 billion. (+33.9% YoY)
  • Fees and commission income of N1.14 billion. (+63.8% YoY)
  • Total gross claims paid during the period were N2.28 billion. (+10% YoY)
  • Underwriting profit was N2.52 billion. (+394.8% YoY)
  • Personnel expenses totalled N931.65 million. (+5.8% YoY)
  • Profit for the period was N796.5 million. (-20.4% YoY)

See link to results.