Julius Berger Nigeria profit after tax surge by 346% to N4.76 billion in HY 2021.

Julius Berger Nigeria Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N146.31 billion. (+43.4% YoY)
  • Cost of sales was N118.9 billion. (+42.6% YoY)
  • Administrative expenses totalled N17.8 billion. (+13% YoY)
  • An operating profit of N10.4 billion was recorded.
  • Profit after tax for the period was N4.76 billion. (+346.3% YoY)
  • Earnings per share of N3.01 Vs N0.01 YoY.

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Northern Nigeria Flour Mills Plc grows profit by 21% to N82.9 million in Q1 2021.

Northern Nigeria Flour Mills Plc released its unaudited financial results for the first quarter of the year ended June 30, 2021.

  • Revenue for the period was N3.56 billion. (+87% YoY)
  • Cost of sales was N3.25 billion. (+88.3% YoY)
  • Administrative expenses totalled N170.7 million. (+106.4% YoY)
  • An operating profit of N147.9 million was recorded. (+25.05% YoY)
  • Profit after tax for the period was N82.9 million. (+20.96% YoY)
  • Earnings per share of 46 kobo Vs 38 kobo YoY.

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JAIZ Bank Plc posts profit after tax of N2 billion in half year 2021.

JAIZ Bank Plc released its unaudited financial results for the half year period ended June 30, 2021.

  • Gross Income for the period was N11.65 billion. (+45.5% YoY)
  • Fees and commission income of N646.06 million. (-12.2% YoY)
  • Operating expenses totalled N6.56 billion. (+34.3% YoY)
  • Profit after tax for the period was N1.999 billion. (+83% YoY)
  • Earnings per share of 6.78 kobo Vs 3.98 kobo YoY.

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Nigerian Breweries Plc reports a 38% increase in profit to N7.7billion in Q2 2021.

Nigerian Breweries Plc released its unaudited financial results for the second quarter of the year ended June 30, 2021.

  • Revenue for the period was N209.3 Billion. (+37.8% YoY)
  • Cost of sales was N131.3 billion. (+41.7% YoY)
  • Marketing, distribution and administrative expenses totalled N58.63 billion. (+32.0% YoY)
  • Profit for the period was N7.72 billion. (+38.1% YoY)
  • Earnings per share of 96 kobo Vs 71 kobo YoY.

Commenting on the results, the Board said: ‘The impact of Coronavirus (Covid-19) pandemic on the economy and by implication, the Company, continued during the period under review. Our priority remained protecting the health, safety and welfare of employees, customers and partners. We regularly monitored and evaluated the Company’s financial position and performance in the light of the pandemic; our Balance Sheet remained strong. The focus of the Board and Management continues to be the mitigation of the impact of the pandemic on the business.’’

 

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The Initiates Plc reports a loss of N61.7 million in HY 2021.

The Initiates Plc released its unaudited half year results for the period ended June 30, 2021.

  • Revenue for the period was N120.23 million. (-51.2% YoY)
  • Direct cost of N96.07 million. (-47.6% YoY)
  • Total assets for the period stood at N1.05 billion. (-7.6% YoY)
  • Loss for the period was N61.07 million.
  • Earnings per share of 0.07 kobo Vs -0.01 kobo YoY.
  • Return on assets of 0.12% Vs 0.22% YoY.

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2021 Half Year Results: Conoil Plc reports 214% increase in profit to N1.06 billion.

Conoil Plc released its unaudited half year results for the period ended June 30, 2021.

  • Revenue for the period was N67.64 billion. (+17.7% YoY)
  • Cost of sales was N62.44 billion. (+18.5% YoY)
  • Administrative expenses totalled N2.59 billion. (-13.2% YoY)
  • Retained earnings of N16.4 billion. (+5.0% YoY)
  • Profit after tax was N1.06 billion. (+213.7% YoY)
  • Earnings per share of N1.53 Vs 49 kobo YoY.
  • Total shareholders’ fund was N20.58 billion. (+3.9% YoY)

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Beta Glass Plc grows profit by 112% to N2.82 billion in HY 2021.

Beta Glass Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N15.58 billion. (+37.4% YoY)
  • Cost of sales was N10.8 billion. (+16.0% YoY)
  • Administrative expenses totalled N916.3 million. (+16.9% YoY)
  • An operating profit of N4.24 billion was recorded. (+214.9% YoY)
  • Profit after tax for the period was N2.82 billion. (+112.5% YoY)
  • Earnings per share of N5.63 kobo Vs N2.65 kobo YoY

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2021 Half Year Results: CHI Plc grows profit by 48% to N436.5 million.

Consolidated Hallmark Insurance Plc released its unaudited financial results for the period ended June 30, 2021.

  • Gross premium written for the period was N6.09 billion. (+14.1% YoY)
  • Net premium income of N3.3 billion. (+13.45% YoY)
  • Claims incurred totalled N1.03 billion. (+3.6% YoY)
  • An underwriting profit of N1.28 billion was recorded. (+15.6% YoY)
  • Profit after tax for the period was N436.5 million. (+47.7% YoY)
  • Earnings per share of 5.37kobo Vs 3.34 kobo YoY

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Guinea Insurance Plc reports loss of N90.59 million in HY 2021.

Guinea Insurance Plc released its unaudited financial results for the period ended June 30, 2021.

  • Gross premium written for the period was N807.8 million. (+57.03% YoY)
  • Net premium income of N433.7 million. (+16.1% YoY)
  • Claims expenses totalled N70.4 million. (-29.8% YoY)
  • Insurance contract liabilities totalled N1.06 billion. (+17.9% YoY)
  • Loss for the period was N90.59 million
  • Total assets during the period stood at N3.7 billion.

See link to results.