Category: Results

Access Bank Plc posts net rofit of N34.95 billion for the Q3 2021

Chidinma Anyalewechi Leave a comment

Access Bank Plc has released its Q3 unaudited financial statement for the period ended 30th of September, 2021.

  • Interest income during the period was N151.18 billion. (+17.59% YoY)
  • Interest expense for the period was N83.52 billion. (+42.78% YoY)
  • Net interest income for the period was N67.66 billion
  • Net Fee and commission income during the period was N30.26 billion. (-3.17% YoY)
  • Other operating income of N8.02 billion was recorded.
  • Profit before tax was reported as N37.58 billion. (-4.89% YoY)
  • Profit after tax for the period was N34.95 billion. (-9.11% YoY)
  • Total assets during the period was N10.37 trillion. (+1.69trn YtD)
  • Earnings per share of 98 kobo Vs 116 kobo.

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Wema Bank Plc reports 135% growth in Net Profit for the nine months period ended 30 September, 2021

Chidinma Anyalewechi Leave a comment

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

  • Interest income during the period was N51.55 billion. (+11.11% YoY)
  • Interest expense for the period was N23.10 billion. (-12.15% YoY)
  • Net interest income for the period was N28.45 billion
  • Net Fee and commission income during the period was N8.72 billion. (+68.95% YoY)
  • Operating income of N39.17 billion was recorded.
  • Profit before tax was reported as N7.21 billion. (+135.78%)
  • Profit after tax for the period was N6.24 billion. (+135.77%)
  • Total assets during the period stood above N1 trillion.
  • Earnings per share of 21.6 kobo Vs 9.2 kobo.

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Nigerian Breweries Plc declares 63.09% decline in Post-tax profit of Q3 2021

Chidinma Anyalewechi Leave a comment

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

  • Net Revenue during the period was N100.02 billion. (+21.64% YoY)
  • Cost of sales for the period was N67.40 billion (+31.08%)
  • Gross profit stood at N32.62billion. (+5.89% YoY)
  • Operating profit for the period was N4.82 billion. (-35.26% YoY)
  • Profit before tax of N797.07 million was recorded during the period.
  • Profit for the period stood at N498.37 million (-63.09%)
  • Total assets during the period stood at N458.68 billion. (+1.83bn YtD)
  • Earnings per share of 6 kobo Vs 17 kobo YoY.

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MTN Nigeria Plc reports 58.99% growth in net profit for Q3 2021

Chidinma Anyalewechi Leave a comment

MTN Nigeria Plc released its Q3 2021 Financial Statement for the period ended 30th of September 2021.

  • Revenue during the period was N414.99 billion. (+22.89% YoY)
  • Operating profit for the period was N144.64 billion (+41.15%)
  • Finance income stood at N1.33billion. (-77.42% YoY)
  • Finance cost for the period was N39.74 billion. (+9.33% YoY)
  • Profit before tax of N106.23 billion was recorded during the period.
  • Profit for the period stood at N78.48 billion (+58.99%)
  • Total assets during the period stood at N2.10 trillion. (+136.61bn YtD)
  • Earnings per share of N3.86 Vs N2.43 YoY.

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Dangote Sugar Plc reports Profit After Tax of N15.51 billion in Q3 2021

Chidinma Anyalewechi Leave a comment

Dangote Sugar Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N195.50 billion. (+21.80% YoY)
  • Cost of sales for the period was N158.75 billion (+25.63%)
  • Gross profit stood at N36.75billion. (+7.62% YoY)
  • Operating profit for the period was N28.62 billion. (+2.66% YoY)
  • Profit before tax of N23.11 billion was recorded during the period.
  • Profit for the period stood at N15.51 billion (-41.74%)
  • Total assets during the period stood at N323.48 billion. (+53.07bn YoY)
  • Earnings per share of N1.28 Vs N2.22 YoY.

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MRS Oil Nigeria Plc Records Gains on PAT of N40.82 million in Q3 2021 

Ajibola Akamo Leave a comment

MRS Oil Nigeria Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021. 

  • Revenue during the period was N53.23 billion. (+66.35% YoY) 
  • Cost of sales stood at N49.69 billion. (+68.27% YoY) 
  • Selling and Distribution costs for the period was N1.05 billion. (+40.95% YoY) 
  • Administrative expenses of N3.44 billion was recorded. (+11.60% YoY) 
  • Profit before tax was N40.82 million (+103.82%) 
  • Total assets during the period stood at N35.34 billion. (-1.32 bn YoY) 
  • Profit after tax was N40.82 million. (+104.64% YoY) 
  • Earnings per share of 13 kobo Vs -289 kobo YoY. 

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Custodian Investment Plc Reports Decline in profit after tax of 16.88% in Q3 2021 

Ajibola Akamo Leave a comment

Custodian Investment Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021. 

  • Gross revenue during the period was N65.20 billion. (+13.34% YoY) 
  • Interest income stood at N8.37 billion. (+8.82% YoY) 
  • Operating and investment income for the period was N56.83 billion. (+14.04% YoY) 
  • Operating expenses of N36 billion was recorded. (+8.00% YoY) 
  • Net income of N33.30 billion was recorded. (+1,312.62% YoY) 
  • Profit before tax was N6.85 billion (-6.50% YoY) 
  • Total assets during the period stood at N181.11 billion. (+4.95 bn YoY) 
  • Profit after tax was N5.02 billion. (-16.88% YoY) 
  • Earnings per share of 91 kobo Vs 99 kobo YoY. 

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NCR (NIGERIA) PLC Records a Decline of 66.73% in Profit for the Period in Q3 2021

Ajibola Akamo Leave a comment

NCR (NIGERIA) PLC released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N1.96 billion. (-48.95% YoY)
  • Cost of sales stood at N1.57 billion. (-54.66% YoY)
  • Distribution expenses for the period was N126.80 million. (-32.39% YoY)
  • Administrative expenses of N84.98 million was recorded. (-11.82% YoY)
  • Profit for the period was N25.30 million (-66.73%)
  • Total assets during the period stood at N5.98 billion. (-412.70 Mn YoY)
  • Earnings per share of 23 kobo Vs 70 kobo YoY.

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Nigerian Exchange Group Plc Reports Revenue of N4.39 billion in Q3 2021

Ajibola Akamo Leave a comment

Nigerian Exchange Group Plc has released its unaudited financial statement for the third quarter ended 30th of September 2021.

  • Revenue during the period stood at N4.39 billion (+15.93% YoY)
  • Total Income during the period stood at N4.86 billion (+20.74% YoY)
  • Total Expense during the period was N4.15 billion. (+12.24% YoY)
  • Operating Profit for the period was N710.31 million. (+116.6% YoY)
  • Profit before income tax for the period was reported as N1.73 billion. (+26.50%)
  • Profit after tax for the period was N1.51 billion. (+10.55%)
  • Total assets during the period stood at N36.05 billion. (+940.6 Mn YtD)
  • Total liability during the period stood at N3.26 billion. (+569.20 Mn YtD)

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Lafarge Africa Plc reports Q3 earnings of N12.07 billion in Q3 2021

Chidinma Anyalewechi Leave a comment

Lafarge Africa Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N74.18 billion. (+25.02% YoY)
  • Cost of sales for the period was N58.31 billion (+28.67%)
  • Gross profit stood at N15.87 billion. (+13.22% YoY)
  • Operating profit for the period was N9.92 billion. (+19.49% YoY)
  • Profit before tax of N7.15billion was recorded during the period.
  • Profit for the period stood at N12.07 billion (+148.03%)
  • Total assets during the period stood at N512.37 billion. (+5.15bn YoY)
  • Earnings per share of 75 kobo Vs 30 kobo YoY.

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