Nigerian Breweries Plc declares 63.09% decline in Post-tax profit of Q3 2021

Chidinma Anyalewechi Leave a comment

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

  • Net Revenue during the period was N100.02 billion. (+21.64% YoY)
  • Cost of sales for the period was N67.40 billion (+31.08%)
  • Gross profit stood at N32.62billion. (+5.89% YoY)
  • Operating profit for the period was N4.82 billion. (-35.26% YoY)
  • Profit before tax of N797.07 million was recorded during the period.
  • Profit for the period stood at N498.37 million (-63.09%)
  • Total assets during the period stood at N458.68 billion. (+1.83bn YtD)
  • Earnings per share of 6 kobo Vs 17 kobo YoY.

See full result here

MTN Nigeria Plc reports 58.99% growth in net profit for Q3 2021

Chidinma Anyalewechi Leave a comment

MTN Nigeria Plc released its Q3 2021 Financial Statement for the period ended 30th of September 2021.

  • Revenue during the period was N414.99 billion. (+22.89% YoY)
  • Operating profit for the period was N144.64 billion (+41.15%)
  • Finance income stood at N1.33billion. (-77.42% YoY)
  • Finance cost for the period was N39.74 billion. (+9.33% YoY)
  • Profit before tax of N106.23 billion was recorded during the period.
  • Profit for the period stood at N78.48 billion (+58.99%)
  • Total assets during the period stood at N2.10 trillion. (+136.61bn YtD)
  • Earnings per share of N3.86 Vs N2.43 YoY.

See full result here

Dangote Sugar Plc reports Profit After Tax of N15.51 billion in Q3 2021

Chidinma Anyalewechi Leave a comment

Dangote Sugar Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N195.50 billion. (+21.80% YoY)
  • Cost of sales for the period was N158.75 billion (+25.63%)
  • Gross profit stood at N36.75billion. (+7.62% YoY)
  • Operating profit for the period was N28.62 billion. (+2.66% YoY)
  • Profit before tax of N23.11 billion was recorded during the period.
  • Profit for the period stood at N15.51 billion (-41.74%)
  • Total assets during the period stood at N323.48 billion. (+53.07bn YoY)
  • Earnings per share of N1.28 Vs N2.22 YoY.

See full result here

MAY & BAKER NIGERIA PLC Records a Revenue of N8.06 Billion in Q3 2021 

Ajibola Akamo Leave a comment

MAY & BAKER NIGERIA PLC released its unaudited financial results for the third quarter of the year ended 30th of September 2021. 

  • Revenue during the period was N8.06 billion. (+25.26% YoY) 
  • Cost of sales stood at N4.35 billion. (+16.29% YoY) 
  • Distribution, sales and marketing expenses for the period was N1.31 billion. (+39.20% YoY) 
  • Administrative expenses of N772.55 million was recorded. (+23.77% YoY) 
  • Profit before tax stood at N1.30 billion (+29.44% YoY) 
  • Total assets during the period stood at N5.98 billion. (-412.70 Mn YoY) 
  • Profit for the period was N882.4 million (-29.44% YoY) 
  • Earnings per share of 5,115 kobo Vs 3,952 kobo YoY. 

See link to results 

NEM Insurance PLC Reports 46.90% Increase in Net Premium Income in Q3 2021

Ajibola Akamo Leave a comment

NEM Insurance PLC has released its unaudited financial statement for the third quarter ended 30th of September 2021. 

  • Gross premium written during the period stood at N23.18 billion. (+23.48% YoY) 
  • Gross premium earned during the period was N21.35 billion. (+36.50% YoY) 
  • Net premium income for the period was N15.31 billion. (+46.90% YoY) 
  • Fee and commission income during the period was N1.17 billion. (+9.88% YoY) 
  • Net underwriting income of N16.48 billion was recorded. (+43.46% YoY) 
  • Profit before income tax for the period was reported as N2.45 billion. (+85%) 
  • Profit after tax for the period was N2.07 billion. (+85%) 
  • Loans and advances to customers for the period was N6.7 billion (+40.29 YoY) 
  • Total assets during the period stood at N35.23 billion. (+4.06 bn YtD) 

See link to results 

Dangote Cement Plc reports Profit After Tax of N86.62 billion in Q3 2021

Chidinma Anyalewechi Leave a comment

Dangote Cement Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Revenue during the period was N331.64 billion. (+16.53% YoY)
  • Cost of sales for the period was N127.27 billion (+10.56%)
  • Gross profit stood at N204.37billion. (+20.59% YoY)
  • Operating profit for the period was N138.13 billion. (+20.69% YoY)
  • Profit before tax of N124.23 billion was recorded during the period.
  • Profit for the period stood at N86.62 billion (+4.94%)
  • Total assets during the period stood at N2.25 trillion. (+227.79bn YtD)
  • Earnings per share of N5.02 Vs N4.80 YoY.

See full result here

FBN Holdings Plc gives updates on audited financial statement for period ended September 30, 2021

Chidinma Anyalewechi Leave a comment

First Bank Holdings Plc has filed a notice with the exchange disclosing that the Group’s Financial Statements for the period ended September 30, 2021 is currently being audited and is expected to be released by the ending of November.

The notice read, “FBN Holdings Plc wishes to notify the Nigerian Exchange Limited (NGX) that the Group is currently undertaking the interim audit of its financial statements for the period ended September 30, 2021”.

Hence, the bank will be unable to submit the financial statements of its operations for the third quarter on October 29, 2021, as previously expected. The financial statements for the period under review will be released and filed with the exchange after the audit is concluded, the notice said.

The group expects that the audited financial statements will be submitted to the Nigerian Exchange (NGX) by November 29, 2021, after the audit has been concluded and the approval of the CBN has been secured.

Furthermore, the bank stated that the trading window for dealing in the company’s shares remains closed to all insiders and their connected persons until twenty-four hours after the release of the audited financial statements.

FBN Holdings Plc notifies The Exchange of recent development, appoints Meristem as new Registrar

Chidinma Anyalewechi Leave a comment

FBN Holdings Plc has notified The Exchange and investing public of the appointment of Mrs. Tope Orhionsefe Omage as a Non-Executive Director of First Bank Nigeria Limited and the renewal of the appointment of the Managing Director and Deputy Managing Director of First Bank, Dr. Adesola Adeduntan and Mr Gbenga Shobo, for another term.

This was disclosed in a notice of recent developments in the bank, signed by the company’s secretary, Seye Kosoko and filed with the Nigerian Exchange Limited.

Also, the bank notified the exchange of the renewal of appointment of the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Limited, one of the subsidiaries of the group.

The Managing and Deputy Managing Directors are Mr. Kayode Akinkugbe and Mr. Taiwo Okeowo, respectively.

In addition to this development, the Board of the bank has appointed Meristem Registrars Limited as the new registrars to replace First registrars and Investors Services Limited and take over the Register of Members of FBN Holding Plc.

The appointment of Meristem Registrars is expected to take effect from December 1, 2021.

See full disclosure here

MRS Oil Nigeria Plc Records Gains on PAT of N40.82 million in Q3 2021 

Ajibola Akamo Leave a comment

MRS Oil Nigeria Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021. 

  • Revenue during the period was N53.23 billion. (+66.35% YoY) 
  • Cost of sales stood at N49.69 billion. (+68.27% YoY) 
  • Selling and Distribution costs for the period was N1.05 billion. (+40.95% YoY) 
  • Administrative expenses of N3.44 billion was recorded. (+11.60% YoY) 
  • Profit before tax was N40.82 million (+103.82%) 
  • Total assets during the period stood at N35.34 billion. (-1.32 bn YoY) 
  • Profit after tax was N40.82 million. (+104.64% YoY) 
  • Earnings per share of 13 kobo Vs -289 kobo YoY. 

See link to results 

Custodian Investment Plc Reports Decline in profit after tax of 16.88% in Q3 2021 

Ajibola Akamo Leave a comment

Custodian Investment Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021. 

  • Gross revenue during the period was N65.20 billion. (+13.34% YoY) 
  • Interest income stood at N8.37 billion. (+8.82% YoY) 
  • Operating and investment income for the period was N56.83 billion. (+14.04% YoY) 
  • Operating expenses of N36 billion was recorded. (+8.00% YoY) 
  • Net income of N33.30 billion was recorded. (+1,312.62% YoY) 
  • Profit before tax was N6.85 billion (-6.50% YoY) 
  • Total assets during the period stood at N181.11 billion. (+4.95 bn YoY) 
  • Profit after tax was N5.02 billion. (-16.88% YoY) 
  • Earnings per share of 91 kobo Vs 99 kobo YoY. 

See link to results