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

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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.

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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.

See link to results.

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

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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)

See link to results.

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

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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

See link to results.

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

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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

See link to results.

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

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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.

2021 Half Year Results: AIICO Insurance records a 14% increase in profit to N3.25 billion

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

  • Gross premium written was N37.48 billion. (+17% YoY)
  • Net premium income of N29.17 billion. (+21% YoY)
  • Net claim expenses of N20.94 billion (+45% YoY)
  • Profit for the period was N3.25 billion.(+14% YoY)
  • Earnings per share of 6 kobo Vs 40 kobo YoY.
  • Total shareholders fund for the period was N35.83 billion.

See link to results.

Unity Bank grows profit after by 34% to N1.38 billion in Half Year 2021.

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

  • Net interest income for the period was N9.9 billion. (+9% YoY)
  • Net fee and commission income of N3.07 billion. (+21% YoY)
  • Operating expenses totalled N12.42 billion (+16% YoY)
  • Net loans and advances to customers stood at N246.9 billion. (+22% YTD)
  • Profit for the period was N1.38 billion.(+34% YoY)
  • Earnings per share of 11.82 kobo Vs 8.82 kobo

See link to results.

MRS Oil Nigeria Plc grows profit by 146% to N151.54m in Half Year 2021.

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

  • Revenue for the period was N36.75 billion. (+53.2% YoY)
  • Cost of sales was N34.4 billion. (+54.2% YoY)
  • Administrative expenses totalled N2.21 billion (+19.2% YoY)
  • Profit for the period was N151.54 million.(+146% YoY)
  • Earnings per share of 50 kobo (+146.3% YoY)
  • Total assets as at the period stood at N32.61 billion.

See link to results.