Category: Results

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

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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.

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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.

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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.

2021 Half-Year Results: Livestock Feeds Plc records a 258% increase in profit to N337.9 million.

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Livestock Feeds Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N7 billion. (+42.3% YoY)
  • Cost of sales was N6.2 billion. (+40.4% YoY)
  • Operating profit was N479.5 million. (+117.3% YoY)
  • Administrative expenses totalled N224.9 million. (+27.8% YoY)
  • Profit after tax was N337.9 million. (+258.2% YoY)
  • Earnings per share of 11.3kobo Vs 3.1kobo YoY.
  • Total assets for the period worth N5.83 billion.

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.

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.

Beta Glass Plc set to disburse dividend worth N519.97 million to shareholders.

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The Board of Beta Glass Plc has approved the payment of a sum of N519.97 million as dividend to be paid to shareholders for the period ended 31st of December 2020.

The decision is part of the resolutions reached at the recently concluded 47th Annual General Meeting (AGM) of the company, held on the 1st of July, 2021 at Eko Hotels and Suites, Lagos.

Affirming this, a notice signed by the company’s secretary, Bola Adebisi read: ‘’IT WAS RESOLVED that a gross dividend of N1.04k per ordinary share of 50k be and is hereby declared out of the profits for the year ended December 31,2020 to all shareholders registered in the Company’s Books as at the close of business on June 10,2021.’’

Sequel to the approval, Beta Glass Plc will pay out a dividend of N1.04 for each of the outstanding 499,972,000 ordinary shares of the company, held by its shareholders, translating to a gross dividend value of N519, 970,880.

Other decisions reached at the firm’s AGM are;

  • The re-election of Mr. Haralambos David and Ms. Olufunmilola Adefope as Directors of the company were approved.
  • Five persons were elected into the Audit as Shareholders’ and Directors’ representatives.
  • The sum of N1, 125,000 was fixed as annual fees payable to each director for the year.

What you should know:

  • Beta Glass Plc had earlier reported a profit after tax of N3.47 billion in FY 2020, indicating a decline of about 37.9% when compared with the figure declared in similar period last year.
  • Sequel to the approval of a gross dividend payment worth N519.97 million, the company in its FY 2020 report, stated that the sum of N2.95 billion will be transferred to its general reserve.

Smart Products Nigeria Plc proposes FY 2020 dividend of 10kobo/share.

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The Board of Smart Products Nigeria Plc has proposed a FY 2020 dividend payment of 10 kobo per share, to all shareholders whose names appeared in the Company’s Register of Members at the close of business on July 16, 2021.

This is according to a disclosure issued by the company and made available on the website of the Nigerian Exchange Group Limited (NGX).

According to the notice, the proposed dividend will deliberated upon in the forthcoming Annual General Meeting of the company scheduled on 19th of August, 2021. If approved by the board, the dividend will be disbursed electronically to qualified shareholder on 25th of August, 2021. The conditions for qualification are succinctly captured below;

  • The shareholder must have completed the e-dividend registration and mandated the registrar (Meristem Registrars) to pay their dividends directly into their bank accounts.
  • Only shareholders’ whose names appear in the Register of Members as at close of business on 16th of July, 2021 will be considered.

The proposed dividend will be paid on all the outstanding 45,000,000 shares of the company, grossing N4.5 million

What you should know:

  • Smart Products Nigeria Plc had earlier reported a profit after tax of N7.38 billion in FY 2020.
  • To expedite the dividend disbursement process, the Register of Shareholders will be closed from 19th-26th of July, 2021.

 

 

 

2020 FY Results: University Press Plc profit after tax slumps by 55% to N57.1 million.

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University Press Plc released its audited full-year results for the year ended 31st of March, 2021.

  • Revenue for the year was N1.42 billion. (-31.3% YoY)
  • Cost of sales was N581.16 million. (-31.2% YoY)
  • Administrative expenses totalled N456.7 million. (-25.3% YoY)
  • Profit for the year was N57.11 million. (-55.1% YoY)
  • Earnings per share of 13 kobo Vs 29 kobo YoY.

See link to results.