2021 HY Results: Coronation Insurance profit after tax slump by 39.2% to N397.8 million

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

  • Net premium income for the period was N4.61 billion. (+26.4% YoY)
  • Fees and commission income of N434.98 million. (-57.9% YoY)
  • Total claims paid was N2.9 billion (+84.04% YoY)
  • Total underwriting profit of N892.05 million. (-55.1% YoY)
  • Profit after tax for the period was N397.8 million.(-39.2% YoY)
  • Earnings per share of 2 kobo Vs 2 kobo YoY.

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Cadbury Nigeria Plc reports a loss of N516.17 million in HY 2021.

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

  • Revenue for the period was N18.52 billion. (+16% YoY)
  • Cost of sales was N16.34 billion. (-30% YoY)
  • Nets asset per share of N6.76 Vs N7.02 YoY.
  • Loss for the period was N516.17 million.(-196% YoY)
  • Loss per share of N27.5 (-196% YoY)
  • Total assets for the period stood at N32.8 billion

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MTN Nigeria Plc grows half year profit by 49.5% N141.83 billion, approves interim dividend of N4.55/share

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

  • Revenue for the period was N791.3 billion. (+24% YoY)
  • Employee benefits totalled N19.05 billion. (-1.0% YoY)
  • An operating profit of N273.71 billion was recorded. (+33.8% YoY)
  • Profit after tax was N141.83 billion. (+49.5% YoY)
  • Net assets per share of N9.83 Vs N8.76 YoY.
  • Earnings per share of N6.97 Vs N4.66 YoY
  • The company share price of N164. (-3.0% YoY)
  • An Interim dividend of N4.55 per share was approved by the board.

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Linkage Assurance Plc reports a loss after tax of N2.09 billion in Half Year 2021.

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Linkage Assurance Plc released its unaudited financial results for the period ended June 30, 2021.

  • Gross premium for the period was N6.92 billion. (+32% YoY)
  • Net premium income of N2.4 billion. (+18% YoY)
  • An underwriting loss of N1.03 billion was incurred. (-382% YoY)
  • Total assets for the period stood at N35.72 billion. (+5% YoY)
  • Insurance contract liabilities totalled N9.35 billion. (+63% YoY)
  • Claims ratio of 41% Vs 19% YoY.
  • Loss after tax for the period was N2.09 billion. (-480% YoY)
  • Loss per share of -21 kobo. (-402.9% YoY)

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McNichols Consolidated Plc posts N12.82 million profit in Half Year 2021.

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

  • Revenue for the period was N361.7 million. (+13.9% YoY)
  • Cost of sales was N299.56 million. (+14.6% YoY)
  • Selling, marketing and administrative expenses totalled N41.4 million. (+6.2% YoY)
  • Total assets for the period stood at N681.9 million. (+29.3% YoY)
  • Profit from continuing operations of N12.82 million. (+9% YoY)
  • Earnings per share of 3.92 kobo Vs 3.60 kobo YoY

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Okomu Oil grows half year profit by 138% to N9.54 billion.

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

  • Turnover for the period was N23.63 billion. (+74.7% YoY)
  • Cost of sales was N1.94 billion. (+79.3% YoY)
  • Net operating expenses were N9.16 billion. (+38.05% YoY)
  • Total net assets for the period stood at N37.8 billion.
  • Profit for the period was N9.54 billion. (+138% YoY)
  • Earnings per share of N10 Vs N4.20 YoY

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Trans Nationwide Express Plc reports half year loss of N48.7 million

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Trans Nationwide Express Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N333.99 million. (+5.3% YoY)
  • Direct cost of N174.03 million. (+24.5% YoY)
  • Administrative expenses totalled N255.42 million. (+0.1% YoY)
  • Total assets for the period stood at N917.41 million. (+16.7% YoY)
  • Loss for the period was N48.7 million.
  • Loss per share of -0.10 kobo Vs -0.17 kobo YoY

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Dangote Cement Plc grows half year profit by 52% to N191.6 billion.

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Dangote Cement Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N690.55 billion. (+44.8% YoY)
  • Cost of sales was N276.12 billion. (+36.41% YoY)
  • Operating profit of N302.2 billion. (+74.2% YoY)
  • Administrative expenses totalled N30.71 billion. (+17.9% YoY)
  • Profit for the period was N191.6 billion. (+51.9% YoY)
  • Earnings per share of N11.21 Vs N7.45 YoY

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FBN Holdings Plc declares N38.05 billion profit in half year 2021, as earnings per share prints at N1.05

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FBN Holdings Plc released its unaudited financial results for the period ended June 30, 2021.

  • Net interest income after adjusting for loan losses was N79.31 billion. (-21.2% YoY)
  • Net fee and commission of N57.4 billion. (+22.7% YoY)
  • Operating profit for the group was N45.4 billion. (+9.3% YoY)
  • Operating expenses totalled N88.01 billion. (+12.8% YoY)
  • Profit for the period was N38.05 billion. (-23.1% YoY)
  • Earnings per share of N1.05 Vs N1.35 YoY

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2021 HY Results: GSK Plc profit after tax slumps by over 80.3% to N59.91 million.

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GlaxoSmithKline Consumer Nigeria Plc released its unaudited financial results for the period ended 30th June, 2021.

  • Revenue for the period was N9.9 billion (-5.46% YoY)
  • Cost of sales was N7.09 billion. (-7.5% YoY)
  • Administrative expenses totalled N1.01 billion. (+13.3% YoY)
  • Profit after tax for the period was N59.91 million. (-80.3% YoY)
  • Earnings per share of 5 kobo Vs 25 kobo YoY.

See link to results.