Category: Results

2020 FY Results: Chams Plc reports a loss after tax of N944.9 million

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Chams Plc released its full-year audited results for the year ended 31st December 2020.

  • Revenue for the year was N2.11 billion. (-35.7% YoY)
  • Cost of sales was N1.35 billion. (-40.6% YoY)
  • Administrative expenses totaled N1.58 billion. (+25.7% YoY)
  • A loss after tax of N944.9 million was recorded.
  • Loss per share of 17 kobo.
  • No dividend announcement was made.

See link to results.

Morison Industries Plc reports a loss of N107.32 million in FY 2020.

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

  • Revenue for the year was N121.97 million. (+41.6% YoY)
  • Cost of sales was N109.3 million. (+46.2% YoY)
  • Operating expenses totaled N132.46 million. (+12.7% YoY)
  • A loss after tax of N107.32 million was incurred.
  • Loss per share for the period was 11 kobo.
  • No dividend announcement was made.

See link to results.

2020 FY Results: Arbico Plc reports a 21.6% decline in profit.

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

  • Revenue for the year was N5.56 billion. (-8.53% YoY)
  • Cost of sales was N4.4 billion. (+8.4% YoY)
  • Administrative expenses totaled N947.03 million. (-12.7% YoY)
  • Operating profit was N642.23 million. (+1,015% YoY)
  • Profit for the year was N413.81 million. (-21.6% YoY)
  • Earnings per share of N5.07 Vs N3.56.
  • No dividend announcement was made.

See link to results.

2020 FY Results: Chemical and Allied Products Plc records a 30% decline in profit.

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Chemical and Allied Products Plc released its full-year results for the year ended 31st  December 2020.

  • Revenue for the year was N8.74 billion. (+3.9% YoY)
  • Administrative expenses totaled N1.71 billion. (+24.5% YoY)
  • Operating expenses was N2.27 billion. (+16.5% YoY)
  • Profit after tax was N1.22 billion. (-29.8% YoY)
  • Earnings per share of N1.75 Vs N2.49

See link to results.

 2020 FY Results: Linkage Assurance Plc records a 65% increase in profit after tax.

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Linkage Assurance Plc released its full-year results for the year ended 31st December, 2020.

  • Net premium income of N4.45 billion. (+20% YoY)
  • Net claims expenses was N1.4 billion (-17% YoY)
  • Underwriting profit of N825.6 million. (+102% YoY)
  • Profit after tax was N2.4 billion. (+65% YoY)
  • Earnings per share of 24 kobo vs 14.5 kobo YoY.
  • A bonus share issue of two shares for every five shares held by existing shareholders was proposed.
  • A cash dividend of 5 kobo per share was also proposed.

See link to results

2020 FY Results: Union Homes Real Investment Trust posts profit of N389.7 million.

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Union Homes Real Investment Trust released its full-year results for the year ended 31st December 2020.

  • Investment income was N570.8 million. (+3.2% YoY)
  • Operating expenses was N179.1 million. (-4.1% YoY)
  • Profit after tax was N389.7 million. (+11.14% YoY)
  • Earnings per unit of N2.07 Vs N1.86 YoY.
  • Net Asset Value totaled N9.87 billion. (+0.6% YoY)

See link to results.

Guaranty Trust Bank Plc: Notice of Board Meeting

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Guaranty Trust Bank Plc has announced that it will be hosting a Board meeting on the 21st of April, 2021.

This is according to a notification signed by the Bank’s secretary, Erhi Obebeduo and sent to the Nigerian Stock Exchange today.

According to the notice, the meeting will enable the Board Directors to consider the unaudited financial statement of the Bank. Decisions reached at the meeting will be subsequently communicated.

Here is a link to the notice.

Custodian Investment Plc to hold AGM on April 22nd.

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The Board of Custodian Investment Plc has announced that it will host its Annual General Meeting on the 22nd of April, 2021. Sequel to this, the following cogent issues will be considered;

  • Its audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • Its proposed dividend will be officially declared.
  • To re-elect the following Directors retiring by rotation; Messrs Ravi Sharma and Olakunle Ade-Ojo.
  • To raise the naira equivalent of $15 million as additional capital through a convertible loan instrument.

For more information about the AGM, click HERE

2020 FY Results: Courteville Business Solutions Plc posts profit of N153.6 million.

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Courteville Business Solutions Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N1.69 billion. (-14.8% YoY)
  • Cost of sales was N693.1 million. (+22.3% YoY)
  • General and administrative expenses totaled N491.4 million. (-2% YoY)
  • Operating profit was N207.62 million. (-42.6% YoY)
  • Profit for the year was N153.6 million. (-3.84% YoY)
  • A dividend of 3 kobo per share was approved by the board.

See link to results.

Infinity Trust Mortgage Bank Plc projects profit after tax of N132.18 million in Q2 2021.

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Infinity Trust Mortgage Bank Plc has released its earnings forecasts for the second quarter of 2021.

  • Interest income is projected at N282.88 million
  • Net operating income is projected at N340.6 million
  • Operating expenses is projected at N187.53 million
  • Profit before tax is projected at N146.87 million
  • Tax is projected at N14.69 million
  • Profit after tax is projected at N132.18 million

See link to forecasts.