2021 9M Results: Unity Bank grows profit after tax by 23% to N1.94 billion.

Chidi Emenike Leave a comment

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

  • Net interest income for the period was N14.6 billion (+15% YoY)
  • Fee and commission income of N4.56 billion (+16% YoY)
  • Operating income was N19.4 billion. (+8% YoY)
  • Operating expenses totalled N18.3 billion. (+14% YoY)
  • Total assets for the period stood at N574.6 billion. (+17% Ytd)
  • Profit for the period was N1.94 billion. (+23% YoY)
  • Earnings per share of 16.57 kobo Vs 13.46 kobo YoY.

See link to results.

PZ Cussons Plc announces payment of N992.62 million as dividend to its shareholders

Chidinma Anyalewechi Leave a comment

PZ Cussons Nig Plc has announced a dividend of 25kobo per ordinary share, representing N992.62 million for the financial period ended May 31, 2021.

This was disclosed in a notice filed with the Nigerian Exchange Limited (NGX) and signed by the company’s secretary, Jacqueline Ezeokwelume.

The interim dividend of 25 kobo per share which is subject to appropriate withholding tax and approval will be paid on all of the company’s 3,970,477,045 outstanding shares, taking the total amount to be disbursed as dividends to N992.62 million.

According to the disclosure, on the 28th of January 2022, the dividend will be paid electronically to the shareholders whose names appear in the Register of Members as at the close of business on the 7th of January, 2022.

In order to facilitate the process, the Register of Shareholders will be closed from Monday, 10th of January to Friday, 14th of January, 2022.

Hence, 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 (First Registrars & Investor Services 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 are advised to contact the registrar.

Full disclosure here

Neimeth Plc posts Net Profit of N336.45 million for Q4 period ended 30th September, 2021

Chidinma Anyalewechi Leave a comment

Neimeth International Pharmaceutical Plc released its unaudited financial results for the Q4 period ended 30th of September 2021.

  • Revenue during the period was N3.05 billion. (+7.31% YoY)
  • Cost of sales for the period was N1.60 billion (+20.08% YoY)
  • Gross profit stood at N1.45 billion. (-3.94% YoY)
  • Operating profit for the period was N412.83 million. (+4.98% YoY)
  • Profit before tax of N247.37 million was recorded during the period.
  • Profit for the period stood at N336.45 million (+58.35%)
  • Total assets during the period stood at N6.33 billion. (-108.23mn YoY)
  • Earnings per share of 17.72 kobo Vs 11.00 kobo YoY.

See full result here

Royal Exchange Plc posts Loss After Tax of N355.94 million for Q3 period ended 30th September, 2021

Chidinma Anyalewechi Leave a comment

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

  • Gross premium written during the period was N610.24 million. (-74.96% YoY)
  • Gross premium income for the period was N573.53 million (-85.07%)
  • Net premium income stood at N545.86 million. (-74.20% YoY)
  • Underwriting loss for the period was N224.18 million. (-257.83% YoY)
  • Loss before tax of N342.68 million was recorded during the period.
  • Loss for the period stood at N355.94 million (-344.48%)
  • Total assets during the period stood at N13.49 billion. (-18.88bn YtD)
  • Earnings per share of –7 kobo Vs 2 kobo YoY.

See full result here

Airtel Africa Plc announces payment of interim dividend to its shareholders

Chidinma Anyalewechi Leave a comment

Airtel Africa Plc has announced that the board of the company has approved the payment of 2 cents as interim dividend to its shareholders.

This was disclosed in a notice filed with the Exchange, today, and signed by the company’s secretary, Simon O’Hara.

The notice stated that the interim dividend will be paid in U.S. dollars, although shareholders have the option to decide whether to receive their dividend payments in GB pounds or Nigerian naira via currency elections.

It further stated that details with regards to the options on currency elections and the currency exchange rates which will be applicable to the HY’ 2021/2022 interim dividend payment to shareholders that qualify for and have elected to receive the payment in GB Pounds or Nigerian Naira, will be issued in due course.

The dividend is scheduled to be paid on or around the 10th of December, 2021. The Ex-dividend date and Record date are scheduled for November 11th and 12th, respectively.

Recall that the company recently released its financial result for the quarter ended September 30, 2021, revealing revenue of $1.16 billion during the period. In addition, Operating profit and Post-tax profit stood at $380 million and $192 million, respectively.

Okomu Oil Plc reports 132% growth in PAT for nine months ended 30th September, 2021

Chidinma Anyalewechi Leave a comment

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

  • Revenue during the period was N31.05 billion. (+66.73% YoY)
  • Cost of sales for the period was N3.16 billion (+46.21% YoY)
  • Gross profit stood at N27.89 billion. (+69.43% YoY)
  • Operating profit for the period was N14.88 billion. (+104.97% YoY)
  • Profit before tax of N14.82 billion was recorded during the period.
  • Profit for the period stood at N11.60 billion (+132.14% YoY)
  • Total assets during the period stood at N60.50 billion. (+5.49bn YtD)
  • Earnings per share of N12.16 Vs N5.24 YoY.

See full result here

Presco Plc posts 174% growth in PAT for Q3 period ended 30th September, 2021

Chidinma Anyalewechi Leave a comment

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

  • Revenue during the period was N34.24 billion. (+80.94% YoY)
  • Cost of sales for the period was N10.71billion (+53.03%)
  • Gross profit stood at N23.52 billion. (+97.32% YoY)
  • Operating profit for the period was N18.13 billion. (+132.47% YoY)
  • Profit before tax of N17.58 billion was recorded during the period.
  • Profit for the period stood at N13.78 billion (+173.84%).
  • Total assets during the period stood at N87.39 billion. (+13.62bn YtD)
  • Earnings per share of N13.78 Vs N5.03 YoY.

See full result here

Zenith Bank Plc records decline of 3.13% in Interest income for the nine-months period ended 30 September, 2021

Chidinma Anyalewechi Leave a comment

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

  • Interest income during the period was N308.84 billion. (-3.13% YoY)
  • Interest expense for the period was N74.10 billion. (-20.87% YoY)
  • Net interest income for the period was N234.75 billion
  • Net Fee and commission income during the period was N78.30 billion. (+32.43% YoY)
  • Other income of N23.81 billion was recorded.
  • Profit before tax was reported as N179.81 billion. (+1.43% YoY)
  • Profit after tax for the period was N160.59 billion. (+0.80% YoY)
  • Total assets during the period was N8.75 trillion. (+270.32 bn YtD)
  • Earnings per share of N5.11 Vs N5.07.

See full result here

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.

See full result here

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.

See full result here