NAIRAMETRICS| COMPANY EARNINGS

Dangote Cement Plc posts N276.07 billion profit in FY 2020.

24 March 202131 March 2021 Blurb 1 Comment

Dangote Cement Plc released its full-year results for the year ended 31st December 2020.

Revenue for the year was N1.034 trillion. (+16% YoY)
The cost of sales was N437.97 billion. (+15% YoY)
Operating profit was N386.73 billion. (+29% YoY)
Profit for the year was N276.07 billion. (+38% YoY)
Earnings per share of N16.14. (+38% YoY)
A dividend of N16 was recommended by the board.

See link to results.

Linkage Assurance Plc forecasts a profit after tax of N446.84 million in Q2 2021.

23 March 202131 March 2021 Blurb 3 Comments

Linkage Assurance Plc has released its earnings forecasts for the second quarter of 2021 (Q2 2021).

Gross premium is projected at N2.38 billion
Net claims is projected at N663.7 million
Underwriting and management expenses is projected at N1.5 billion
Profit before tax is projected at N558.54 million
Taxation is projected at N111.71 million
Profit after tax is projected at N446.84 million

See link to forecasts.

2020 FY Results: Ecobank Transnational Inc. posts N33.7 billion profit after tax.

23 March 202131 March 2021 Blurb Leave a comment

Ecobank Transnational Inc. released its full-year results for the year ended 31st December 2020.

Net interest income was N346.61 billion. (+27.8% YoY)
Operating income of N641.8 billion. (+9.4% YoY)
Operating expenses was N402.7 billion. (+3.7% YoY)
Profit after tax was N33.7 billion. (-66.1% YoY)
Earnings per share from continuous operations was N3.73 Vs N281.57
Customers’ deposits totaled N7.3 trillion. (+23.6% YoY)
No dividend announcement was made.

See link to results.

International Breweries Plc reports a loss of N12.4 billion in FY 2020.

23 March 202131 March 2021 Blurb Leave a comment

International Breweries Plc released its full-year results for the year ended 31st December 2020.

Revenue for the year was N136.8 billion. (+3.4% YoY)
Cost of sales was N106.3 billion. (-0.8% YoY)
Gross profit was N30.47 billion. (+20.9% YoY)
Administrative expenses was N27.92 billion. (+6.7% YoY)
A loss after tax of N12.4 billion was reported for the year.
Loss per share of -47 kobo Vs -N1.16 YoY.
No dividend announcement was made.

See link to results.

Union Bank Plc posts N18.7 billion profit in FY 2020.

19 March 202131 March 2021 Blurb 1 Comment

Union Bank of Nigeria Plc released its full-year results for the year ended 31 December 2020.

Net interest income after adjusting for credit losses was N59.7 billion. (+14% YoY)
Net fee and commission income was N10.5 billion. (-7.2% YoY)
Operating income was N104.13 billion. (+9.4% YoY)
Profit After Tax was N18.7 billion. (-6.1% YoY)
Total expenses was N78.4 billion. (+10.5% YoY)
Customers deposits totaled N1.13 trillion (+27.1% YoY)
Earnings per share from continuing operations printed 85 kobo. (+2.14% YoY)
A dividend of 25 kobo was announced.

See lin k to results.

The Bank re-scheduled the time for its Investors call fixed on the 22nd of March 2021, from 3:00 pm to 2:00 pm. Sequel to this, interested participants are urged to register via the following link: https://www.diamondpass.net/2935416

2020 FY Results: GT Bank posts N201 billion profit after tax.

18 March 202131 March 2021 Blurb 1 Comment

GT Bank Plc released its full-year results for the year ended 31 December 2020.

Net interest income after adjusting for loan impairments was N234.1 billion. (+3.4% YoY)
Net fee and commission income was N46.94 billion. (-21.04% YoY)
Personnel expenses incurred was N37.61 billion. (+0.9% YoY)
Profit before tax was N238.1 billion. (+2.8% YoY)
Profit after tax was N201.44 billion. (+2.3% YoY)
Earnings per share was N7.11. (+2.16% YoY)
Customers’ deposits totaled N3.51 trillion. (+38.6% YoY)
A final dividend of N2.70 was announced.