Premier Paints Plc reports a loss of N16.9 million in HY 2021

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Premier Paints Plc released its unaudited financial results for the period ended 30th June, 2021.

  • Revenue for the period was N42.4 million (-2.9% YoY)
  • Cost of sales was N35.1 million. (-1.34% YoY)
  • An operating loss of N16.8 million was incurred during the period.
  • Administrative expenses totalled N20.24 million. (-2.42% YoY)
  • Loss after tax for the period was N16.8 million.
  • Loss per share of 0.14 kobo Vs 0.13 kobo YoY.

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Lafarge Africa Plc grows half-year profit by 21% to N28.3 billion.

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Lafarge Africa Plc released its unaudited financial results for the period ended 30th June, 2021.

  • Revenue for the period was N145.01 billion (+20.3% YoY)
  • Cost of sales was N96.97 billion. (+23.01% YoY)
  • Operating profit was N38.22 billion. (+16.5% YoY)
  • Administrative expenses totalled N9.17 billion. (+17.1% YoY)
  • Profit after tax for the period was N28.3 billion. (+21.4% YoY)
  • Earnings per share of N1.76 Vs N1.45 YoY.

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BUA Cement Profit After Tax Surge By 25% to N43.4 billion In HY 2021.

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

  • Revenue for the period was N124.3 billion (+22.7% YoY)
  • Cost of sales was N66.16 billion. (+19.1% YoY)
  • Operating profit was N50.5 billion. (+23.8% YoY)
  • Administrative expenses totalled N4.17 billion. (+57.9% YoY)
  • Profit after tax for the period was N43.4 billion. (+24.6% YoY)
  • Earnings per share of N1.28 Vs N1.03 YoY.

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2021 Half Year Results: Union Bank’s profit after tax dips by 11% to N9.84 billion.

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Union Bank of Nigeria Plc released its unaudited financial results for the period ended 30th June, 2021.

  • Gross earnings for the period was N76.31 billion (-6.8% YoY)
  • Net interest income after impairment was N20.34 billion. (-15.3% YoY)
  • Net fee and commission income of N6.59 billion. (+30.3% YoY)
  • Total expenses of N36.9 billion. (+3.9% YoY)
  • Deposits from customers totalled N1.17 trillion.
  • An operating income of N48.15 billion was recorded. (+3.01% YoY)
  • Profit after tax for the period was N9.84 billion. (-11.3% YoY)
  • Earnings per share from continued operations of 38 kobo Vs 37 kobo YoY.

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Tantalizer Plc reports a loss of N57.6 million in HY 2021.

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

  • Revenue for the period was N615.8 million. (+41.9% YoY)
  • Cost of sales was N385.4 million. (+65.3% YoY)
  • Administrative expenses totalled N462.12 million. (+14.5% YoY)
  • Loss for the period was N57.6 million.
  • Loss per share of 2 kobo Vs 4 kobo YoY.
  • Total assets for the period stood at N2.59 billion.

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Beta Glass Plc announces the appointment of two new directors.

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Beta Glass Plc has announced the appointment of Mr Emmanouil Metaxakis and Mrs Clare Omatseye into its board as directors, with both appointments effective from July 1, 2021.

According to a notice signed by the company’s secretary, Bola Adebisi, and filed with the Nigerian Exchange Group Limited (NGX), Mr Emmanouil Metaxakis was appointed into the Board as Non-Executive Director, while Mrs Clare Omatseye was appointed as an Independent Non-Executive Director.

Profile of the newly appointed directors

Mr Metaxakis is currently Frigoglass Group Chief Finance Officer, having served in various capacities in the company ranging from the Head of Financial Performance, among other roles. Prior to joining Frigoglass Group, he spent five years with Deloitte management consulting. He holds a Bachelor’s Degree in Business Administration from the University of Piraeus, Greece and a Master’s Degree in Corporate Finance from SDA Bocconi, Milan, Italy.

Mrs Clare Omatseye is the Managing Director of JNC International Limited (JNCI), a renowned Turnkey Medical Equipment Solutions Company. She is also the Founder/Chairman of Vaccipharm Limited, a leading vaccine and cold chain distribution company.

Mrs Omatseye sits on the Board of several reputable organizations. She is an alumna of Ahmadu BelloUniversity (ABU) Zaria where she obtained a Bachelor’s degree in Pharmacy. She further obtained an MBA from the University of Navarra (IESE) Barcelona, Spain.

As at the period of reporting this, Beta Glass Plc share price currently trades at N50.10.

 

Airtel Africa posts profit after tax of $142m in HY 2021.

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Airtel Africa Plc released its unaudited financial results for the period ended 30th of June, 2021.

  • Revenue for the period was $1.1 billion. (+50.4% YoY)
  • Expenses totalled $581 million. (+21.3% YoY)
  • An operating profit of $352 million was recorded. (+67.6% YoY)
  • Capital expenditure totalled $106 million. (+59.9% YoY)
  • Operating free cash flow of $428 million (+38.7% YoY)
  • Profit after tax was $142 million. (+148.7% YoY)
  • Earnings per share of 3.3 cents Vs 1.1 cents YoY
  • Total customer base during the period under review was 120.8 million.

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Seplat Energy Plc grows half year profit by 137% to N14.12 billion, declares interim dividend.

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Seplat Energy Plc released its unaudited financial results for the six months period ended 30th of June, 2021.

  • Revenue for the period was N120.4 billion. (+50.4% YoY)
  • Cost of sales was N85.8 billion. (+27.6% YoY)
  • An operating profit of N42.7 billion was recorded
  • General and administrative expenses totalled N14.2 billion. (-13.0% YoY)
  • Profit for the period was N14.12 billion. (+137% YoY)
  • An interim dividend of US 2.5 cents was declared.

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UAC of Nigeria profit dips by 34% to N762.62 million in HY 2021.

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UAC of Nigeria Plc released its unaudited financial results for the half year period ending 30th of June, 2021.

  • Revenue for the period was N46.5 billion. (+26.9% YoY)
  • Cost of sales was N38.2 billion. (+28.8% YoY)
  • Administrative expenses totalled N3.92 billion. (+15.4% YoY)
  • An operating profit of N1.7 billion was declared.
  • Profit for the period was N762.62 million. (-34.1% YoY)
  • Earnings per share of 5 kobo Vs 32 kobo YoY.

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Flour Mills of Nigeria Plc grows profit by 9.6% to N5.45 billion in Q1 2021, as earnings per share prints N1.17.

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

  • Revenue for the period was N233.7 billion. (+51.2% YoY)
  • Cost of sales was N208 billion. (+61.2% YoY)
  • Administrative expenses totalled N6.6 billion. (+34.2% YoY)
  • An operating profit of N11.5 billion was declared.
  • Profit for the period was N5.45 billion. (+9.6% YoY)
  • Earnings per share of N1.17 Vs N1.07 YoY.

See link to results