Skyway Aviation Plc reports Q3 earnings of N168.09 million in third quarter 2021

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

  • Revenue during the period was N2.27 billion. (+21.86% YoY)
  • Direct cost for the period was N1.17 billion (+26.13%)
  • Gross profit stood at N1.10 billion. (+17.65% YoY)
  • Operating profit for the period was N241.36 million. (-34.66% YoY)
  • Profit before tax of N240.13 million was recorded during the period.
  • Profit for the period stood at N168.09million (-48.98%)
  • Total assets during the period stood at N23.98 billion. (+839.94mn YoY)
  • Earnings per share of 12.42 kobo Vs 24.34 kobo YoY.

See full result here

Nestle Nigeria Plc declares interim dividend of N25 to be paid to shareholders

Nestle Nig Plc has announced an interim dividend of N25.00k per 50 kobo ordinary share, representing N19.82 billion for the financial period ended September 30, 2021.

This is contained in a notice filed with the Nigerian Exchange Limited (NGX) and signed by the company’s secretary, Bode Ayeku, FCIS.

The interim dividend of 25 naira per share is subject to appropriate withholding tax and approval will be paid on all of the company’s 792,656,252 outstanding shares, taking the total amount to be disbursed as final dividends to N19.82 billion.

Hence, on the 6th of December 2021, the dividend will be paid electronically to the shareholders whose names appear in the Register of Members as at the close of business on November 19, 2021.

In order to facilitate the process, the Register of Shareholders will be closed from 22nd of November to 26th of November, 2021.

Therefore, shareholders are urged to ensure that their names appear on the Company’s Register of Members as at the aforementioned date and shareholders who are yet to complete the e-dividend registration are advised to download the form on the Registrar’s website, complete the form and submit it to the Registrar or their respective banks.

Shareholders are also expected to mandate the Registrar (GTL Registrars Limited) to pay their dividends directly into their bank accounts.

Furthermore, shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment have been advised to contact the registrar.

What you should know:

Nestle Nigeria Plc has reported a 25.71% growth in its Revenue to N90.15 billion for the 2021 Q3 Period. Similarly, bottom-line growth was recorded as net profit appreciated by 17.21% to N11.85 billion. During the period, earnings per share (EPS) grew to N14.95 kobo, advancing by 17.16% YoY.

Nestle Nigeria Plc, as at the time of this report, trades at N1,405.00 per share.

United Capital Plc announces the Launch of N150 billion Infrastructure Fund

United Capital Plc has announced the launch of a Naira-denominated fund, the United Capital Infrastructure Fund (UCIF), with a N150 billion issuance program, established to provide long-term financing for the delivery of critical infrastructure.

The United Capital Infrastructure fund is anticipated to bridge the infrastructure deficits in Nigeria and sub-Saharan Africa.

While the sponsor of the fund is United Capital Plc, the fund is being managed by United Capital Asset Management Limited (UCAML).

What this means

According to the disclosure signed by the company’s secretary, Leo Okafor and published on the NGX website, the fund has been registered by the Securities and Exchange Commission (SEC), as a close-ended fund, with a N150 bilion issuance program.

The idea behind the fund is to finance bankable infrastructure assets across different and diverse sectors such as power and renewable energy, transportation, agribusiness and industrial infrastructure, healthcare, technology, mass housing, urban and social infrastructure.

In addition, Africa Finance Corporation has been retained by the Fund as the independent Financial Advisor, to provide additional layers of best practice of corporate governance in enhancing the project appraisal and due diligence activities of the Fund Management team.

The Managing Director of United Capital Asset Management Limited has explained that as part of the preparatory activities, numerous infrastructure projects were appraised and the Fund management team is currently at the advanced stage of conducting due diligence on a deal pipeline valued at N54 billion which includes several projects.

Speaking at the launch of United Capital Infrastructure Fund, Mr. Peter Ashade, the Group Chief Executive Officer of United Capital Plc commented that “the journey to launch the Fund has taken almost two years, during which period extensive preparatory studies and appraisals were carried out to establish the business case for the Fund, as well as to define a model and governance framework that would provide investors that have an appetite for long-term financing products (such as pension funds and insurance companies), with sufficient confidence of the attractiveness of UCIF, as an investment opportunity”.

Africa Prudential’s profit after tax dips by 18% to N1.15 billion in 9M 2021.

Africa Prudential Plc released its interim results for the nine months period ended 30th of September, 2021.

  • Gross revenue during the period stood at N2.45 billion. (-7.04% YoY)
  • Personnel expenses totalled N454.5 million. (-2.2% YoY)
  • Deposits from customers totalled N7.55 billion. (-12.6% YtD)
  • Total assets during the period stood at N17.03 billion.
  • Profit after tax of N1.15 billion. (-18.3% YoY)
  • Earnings per share of 58 kobo Vs 71 kobo YoY.

See link to results.

Transcorp Hotels Plc: Notice of Board Meeting

Transcorp Hotels Plc has notified its shareholders, the investing public and other relevant stakeholders that it will be hosting its 81st Board of Directors Meeting on Thursday, November 4, 2021.

This is according to a notice signed by the company’s secretary, Kofo Olokun-Olawoyin, and filed with the Nigerian Exchange Limited (NGX).

According to the notice, the board meeting is scheduled to enable the Directors review and approve the company’s unaudited financial accounts for the third quarter of the year (Q3, 2021) ended 30th of September, 2021.

In addition, the company revealed that the Q3 2021 unaudited financial statements of the company will be filed on or before 30th of October, 2021.

It is pertinent to note that in line with the post-listing requirements of the NGX, the company has already commenced a closed period from October 1, 2021. The closed period will persist until 24 hours after the financial results have been released to the NGX and made public. During the closed period, all insiders and their connected persons are prohibited from trading (i.e buying, selling, transferring or otherwise dealing) in the company’s shares.

 

For more information about the disclosure, click HERE.

 

UPDC Plc reports a loss of N1.18 billion in 9M 2021.

UPDC Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N614.74 million. (+34.1% YoY)
  • Cost of sales stood at N529.4 million. (+111.3% YoY)
  • Administrative expenses totalled N565.3 million. (-6.3% YoY)
  • An operating loss of N512.04 million was incurred during the period.
  • Total assets stood at N21.15 billion during the period under review.
  • Loss for the period was N1.18 billion
  • Loss per share of -6 kobo Vs -34 kobo YoY.

See link to results.

Capital Hotels Plc announces board meeting, closed period ahead of Q3 2021 results.

Capital Hotels Plc has announced that it will be hosting a Board of Directors Meeting on Tuesday, 26th of October, 2021. The meeting is principally to consider and approve the company’s unaudited financial statements for the third quarter ended 30th of September, 2021.

This is according to a notice signed by the company’s secretary, Alex Ugwuany, and filed with the Nigerian Exchange Limited (NGX).

Consequently, in line with the provisions of rule 17.18(a): the Closed Period Rulebook of the Exchange, 2015 (Issuers’ Rule) as amended, the company announced that it had already commenced a closed period for trading in its shares on Friday, 1st of October, 2021. The closed period will persist until 24 hours after the unaudited account of the company for the aforementioned period have been filed with The Exchange (NGX) and made public.

It is imperative to note that during the closed period, directors, managers, consultants, employees of the company and their associated persons are strictly prohibited from transacting in the company’s shares (that is, buying or selling in the company’s shares).

For more information about the disclosure, click HERE.

 

Caverton Offshore Support Group Plc. announces board meeting, closed period ahead of Q3 2021 results.

Caverton Offshore Support Group Plc has notified the Nigerian Exchange Limited (NGX), its shareholders and all interested parties of its imminent Board of Directors Meeting scheduled to hold on Thursday, 28th of October, 2021.

According to a notice signed by the company’s secretary, Amaka Obiora, the meeting will enable the board members to consider and approve the firm’s unaudited financial statement for the third quarter ended 30th of September, 2021.

Consequently, the firm commenced a closed period for trading in its shares on Friday, 1st of October, 2021. The closed period will persist until 24 hours after the unaudited account of the company for the aforementioned period have been filed with The Exchange (NGX) and made public.

It is pertinent to note that during the closed period, directors, managers, consultants, employees of the company and their associated persons are strictly prohibited from transacting in the company’s shares (that is, buying or selling in the company’s shares).

Attached HERE is a link to the notice.

2021 9M Results: United Capital Plc grows profit after tax by 72% to N5.97 billion.

United Capital Plc release its unaudited financial statements for the nine months period ended 30th of September, 2021.

  • Gross earnings for the period totalled N11.33 billion. (+60.3% YoY)
  • Fee and commission income of N4.77 billion. (+112.1% YoY)
  • Net operating income was N11.08 billion. (+63.9% YoY)
  • Total expenses were N4.24 billion. (+43.8% YoY)
  • Total assets for the period stood at N400.75 billion.
  • Profit for the period was N5.97 billion. (+72.2% YoY)
  • Earnings per share of 133 kobo Vs 77 kobo YoY.
  • Total shareholders’ fund for the period stood at N26.9 billion.
  • Cost to Income Ratio of 37.4% Vs 41.67% YoY

Commenting on the results, the Group CEO of United Capital Plc, Mr Peter Ashade said: ”I am pleased to inform our stakeholders that United Capital ended the third quarter of the year with another outstanding performance. We delivered an increased revenue of 60% year-on-year, PBT growth of 72% year-on-year to N7.09b and total asset growth of 80% year-to-date.

”During the period under review, United Capital successfully listed three series commercial papers worth N19.72 billion on the FMDQ Securities Exchange. The CPs were issued under the company’s N50 billion commercial paper issuance program. This has further positioned us as a company to provide a wider range of wholesale financing solutions to our clients and complement funding base and support for all our businesses.

”Another remarkable point to note was the Nigerian Stock Exchange’s reclassification of United Capital shares from Low Price Stock Group to Medium Price Stock Group in August 2021 driven by steady growth in the company’s share price over the past months due to our consistent impressive performance over the years.

”I want to assure our stakeholders that we are optimistic on sustaining this exciting performance in the last quarter of the year and beyond. We remain focused on our transformation agenda and to continue to provide best-in-class solutions to all client segments. We are also committed to deliver superior returns as we seek to always delight our shareholders.”

See link to results.

Lotus Halal Fixed Income announces dividend of N22 per unit for Q3 2021.

Lotus Capital Limited has declared its Q3, 2021 dividend distribution of N22/unit to unit holders in the Lotus Halal Fixed Income Fund, whose names appear on the company’s register as at Thursday, October 14, 2021.

This is according to a notification issued by the firm to its unit holders, as seen by Nairametrics.

Accordingly, payment will be made by the Fund Manager of the Lotus Halal Fixed Income Fund on Tuesday, October 19, 2021

The recent declaration raises the total amount of dividend distributed under this category of investment; Lotus Halal Fixed Income Fund, to N62.85 per unit, since the beginning of this year. Recall that firm had earlier paid its fixed income fund unit holders a dividend of N20 per unit in the first quarter of the year (Q1, 2021) on April 15, 2021. It subsequently followed this up with another payment of N20.85 per unit in the second quarter of the year (Q2, 201) on July 13, 2021.

What you should know:

  • Lotus Capital is a full-fledged halal investment management company, specializing in Shari’ah compliant asset management, private wealth management and financial advisory services.