NAIRAMETRICS| COMPANY EARNINGS

Net Interest Income after adjusting for impairments was N232.46 billion. (+14.2% YoY)
Profit before tax was N131.86 billion. (+18.5% YoY)
Earnings per share of N3.20 vs N2.52. (+27.0% YoY)
Deposits from customer was N5.68 trillion (+48.1% YoY)
Loans and advances to customer was N2.55 trillion (+23.96% YoY)
A final dividend of N0.35 was proposed. (-56.25% YoY)

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2020 FY Results: Champion Breweries Plc reports a revenue growth of 1.80% in 2020

Champion Breweries Plc released its audited results for the year ended 31^st December 2020.

Revenue for the year was N7.05 billion. (+1.80% YoY)
Operating expenses during the year was N1.58 billion. (-9.56% YoY)
Profit for the year summed N158.79 million. (-5.77% YoY)
Earnings per share at the end of the year was 2kobo.
The Board of Directors made no dividend recommendation.
The company share price closed at N1.84k on March 8, 2021, appreciating by 113.95% YTD.

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Seplat Petroleum Development Company Plc released its full-year 2020 results.

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Cornerstone Insurance Plc has released its full-year results for the year ended December 2020.

Net premium income of N5.88 billion.(-10.7% YoY)
Profit before Tax was N1.67 billion. (-58.5% YoY)
Net claims for the year was N3.47 billion (+13.2% YoY)
Underwriting profit was N1.93 billion (-27.6% YoY)
Profit for the year was N1.6 billion. (-61.1% YoY)
Earnings per share printed at 11 kobo. (-60.7% YoY)
A dividend of 45 kobo was declared.

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Ellah Lakes Plc released its half-year financial results reporting zero revenue while increasing its operating expenses during the year.

Operating expenses during the period was N164.06 million. (+33. 36% YoY)
The company reported an operating loss of N164.06 million. ( +33.36% YoY)
It reported a loss per share of 8kobo in HY 2020 compared to 4kobo loss per share in HY 2019. (-100% YoY)
No dividend announcement was made in their press release.
The company share price stood at N4.25, maintaining the same price YTD.

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Nigerian Breweries Plc released its audited results for the year ended December 2020.

Revenue for the year was N337.00 billion. (+4.3% YoY)
Profit for the year was N7.53 billion in 2020. (-54.3% YoY)
Earnings per share for the period under review was 92kobo. (-54.2% YoY).
The leading brewer proposed a final dividend of 69 kobo per share. (2019: 151 kobo per share)
The company share price of N50, as of 4th of March 2021, is -10.72% down year to date.

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Abbey Mortgage Bank has released its earnings forecasts for the second quarter of 2021.

Gross Earnings is projected at N560.97 million. (-13.7% QoQ)
Interest income projected at N455.9 million. (-11.6% QoQ)
Operating Expenses projected at N275.8 million. (-17.3% QoQ)
Profit Before Tax is projected at N75.12 million. (-15.05% QoQ)
Taxation projected at N24.03 million, (-15.05% QoQ)
Profit After Tax projected at N51.08 million.(-15.05% QoQ)

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