GlaxoSmithKline Consumer Nigeria Plc reports a loss of N238.07 million in Q1 2021.

GlaxoSmithKline Consumer Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N3.5 billion. (-30.6% YoY)
  • Cost of sales was N2.4 billion. (-30.6% YoY)
  • Administrative expenses totalled N502.96 million. (+0.3% YoY)
  • Loss for the period was N238.07 million
  • Loss per share from continuing operations was 20 kobo.

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Ecobank Transnational Inc. Profit after tax increases by 23% in Q1 2021.

Ecobank Transnational Incorporated released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N95.35 billion. (+24% YoY)
  • Fee and commission income of N45.6 billion. (+19% YoY)
  • Operating income of N164.6 billion. (+15% YoY)
  • Operating expenses totalled N97.63 billion. (+3% YoY)
  • Profit after tax was N30.5 billion. (+23% YoY)
  • Earnings per share from continuing operations was 84 kobo Vs 71kobo YoY

See link to results.

Transcorp Plc profit surges exponentially by over 2,000% to N2.04 billion in Q1 2021.

Transnational Corporation of Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N24.4 billion. (+58.8% YoY)
  • Cost of sales was N14.01 billion. (+38.3% YoY)
  • Administrative expenses totalled N3.7 billion. (+9.4% YoY)
  • Operating profit of N6.9 billion. (+67.3% YoY)
  • Profit for the period was N2.04 billion. (+2,426.5% YoY)
  • Earnings per share of N0.018. (+244.4% YoY)

See link to results.

Stanbic IBTC profit plunges by over 45% to N11.3 billion in Q1 2021.

Stanbic IBTC Holdings Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N15.9 billion. (-14.3% YoY)
  • Net fee and commission income of N20.8 billion. (+16.2% YoY)
  • Operating expenses of N26.96 billion. (+8.8% YoY)
  • Profit for the period was N11.3 billion. (-45.4% YoY)
  • Earnings per share printed 96 kobo (-49.7% YoY)

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Africa Prudential Plc posts profit after tax of N381.35 million in Q1 2021.

Africa Prudential Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Gross earnings for the period was N825.6 million (+11.1% YoY)
  • Personnel expenses totalled N128.65 million (-18.6% YoY)
  • Customers’ deposits increased to N22.5 billion.
  • Profit after tax was N381.35 million. (+11.6% YoY)
  • Earnings per share of 19 kobo Vs 17 kobo YoY.

See link to results.

GT Bank records a 9% dip in profit to N45.55 billion in Q1 2021.

Guaranty Trust Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income after loan impairment charges was N50.57 billion. (-19.8% YoY)
  • Net fee and commission income of N14.61 billion. (+7.8% YoY)
  • Personnel expenses totalled N9.97 billion. (+7.91% YoY)
  • Customers’ deposits during the period increased to N3.6 trillion
  • Profit for the period was N45.55 billion. (-9.03% YoY)
  • Earnings per share of N1.60 Vs N1.77 YoY.

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Secure Electronic Technology Plc records a 121% surge in Profit after tax in Q1 2021.

Secure Electronic Technology Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net income for the period was N58.35 million. (+29.1% YoY).
  • Administrative expenses totalled N56.55 million. (+8.8% YoY)
  • Operating profit was N1.8million. (+126.6% YoY)
  • Profit after tax was N1.57 million. (+121.4% YoY)
  • Earnings per share of 3 kobo. (+123.1% YoY)

See link to results.