AIICO Insurance Plc posts N1.51 billion profit in Q1 2021.

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AIICO Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net premium income for the period was N14.19 billion. (+7% YoY)
  • Net claim expenses of N10.98 billion. (-42% YoY)
  • Underwriting profit of N27.7 billion was recorded. (+21,239% YoY)
  • Profit for the year was N1.51 billion. (-19% YoY)
  • Earnings per share of 10 kobo Vs 27 kobo YoY

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Guinea Insurance Plc reports a loss after tax of N61.2 million in Q1 2021.

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Guinea Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net premium income for the period was N198.12 million. (-3.4% YoY)
  • Total claims paid during the period was N40.2 million (-55.2% YoY)
  • Underwriting profit of N99.42 million. (-9.1% YoY)
  • Loss after tax of N61.2 million was recorded.
  • A loss per share of -1 kobo was recorded during the period.

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NPF Microfinance posts profit of N236.1 million in Q1 2020, up by 66.8% YoY.

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NPF Microfinance Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N994.2 million. (+20.8% YoY)
  • Fees and commission income of N160.8 million. (+31.3% YoY)
  • Administrative and general expenses of N398.5 million. (+30.9% YoY)
  • Personnel expenses of N412.07 million. (+5.3% YoY)
  • Profit for the period was N236.1 million. (+66.8% YoY)
  • Earnings per share of 10 kobo Vs 6 kobo YoY.

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2021 Q1 Results: Unity Bank records a 43% surge in profit to N721.5 million

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Unity Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N4.8 billion. (+16% YoY)
  • Net fee and commission income was N1.6 billion. (-14% YoY)
  • Net operating income was N6.7 billion. (+12% YoY)
  • Total operating expenses of N5.9 billion. (+9% YoY)
  • Profit for the period was N721.5 million. (+43% YoY)
  • Earnings per share of 6 kobo Vs 4 kobo YoY

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MTN Nigeria Plc grows profit by 43% to N73.7 billion in Q1 2021.

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MTN Nigeria Communications Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N385.3 billion.(+17.06% YoY)
  • Direct networking operating costs of N93.9 billion. (+30.2% YoY)
  • Employees benefit was N9.32 billion. (+0.5% YoY)
  • Profit for the period was N73.7 billion. (+42.5% YoY)
  • Net assets per share for the period was N12.4
  • Earnings per share of N3.6 Vs N2.5 YoY

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Skyway Aviation Handling Company reports N93.4 million profit in Q1 2021.

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Skyway Aviation Handling Company Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N1.99 billion. (+0.7% YoY)
  • Direct cost of N1.16 billion was incurred. (+2.2% YoY)
  • Administrative expenses of N669.9 million. (+0.7% YoY)
  • Operating profit of N169.7 million. (-3% YoY)
  • Profit for the period was N93.4 million. (-3.01% YoY)
  • Earnings per share of 7 kobo. (+3% YoY)

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2021 Q1 Results: Sterling Bank’s profit beat forecasts, surge by 16% to N2.4 billion.

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Sterling Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N14.35 billion. (-7.1% YoY)
  • Net fees and commission income was N3.7 billion. (+25.1% YoY)
  • Operating income of N20.09 billion. (+0.6% YoY)
  • Total expenses of N15.82 billion. (-4.5% YoY)
  • Profit for the period was N2.4 billion. (+15.98% YoY)
  • Earnings per share of 8 kobo Vs 7 kobo YoY.

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Zenith Bank posts profit after tax of N53.06 billion in Q1 2021, as earnings per share prints N1.7

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Zenith Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income after impairment charge was N79.3 billion. (+2.3% YoY)
  • Net fee and commission income of N31.4 billion. (+103.5% YoY)
  • Operating expenses of N44.25 billion. (+10.1% YoY)
  • Customers deposit totalled N5.7 trillion. (+27.2% YoY)
  • Profit after tax was N53.06 billion. (+5.01% YoY)
  • Earnings per share printed N1.7 Vs N1.6 YoY.

See link to results.

Berger Paints Nigeria Plc profit declines to N45 million in Q1 2021

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Berger Paints Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N1.19 billion. (+10% YoY)
  • Cost of sales was N617.8 million. (+24.1% YoY)
  • Administrative expenses of N300.17 million. (+6.3% YoY)
  • Operating profit of N79.8 million. (-32% YoY)
  • Profit for the period was N44.99 million. (-32% YoY)
  • Earnings per share of 16 kobo Vs 23 kobo YoY
  • Net assets per share of N11.01 Vs N10.8 YoY

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Vitafoam Nigeria Plc posts profit of N1.4 billion in Q2 2020

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Vitafoam Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N10.7 billion. (+65.5% YoY)
  • Cost of sales was N6.9 billion. (+79.7% YoY)
  • Administrative expenses totalled N1.35 billion. (+11.8% YoY)
  • Operating profit of N2.14 billion. (+55.4% YoY)
  • Profit for the period was N1.4 billion. (+76.7% YoY)
  • Earnings per share of N2.17 Vs N1.30 YoY.

See link to results.