Dangote Sugar increases post tax profit by 33%, as earnings per share prints at N2.45

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Dangote Sugar released its full-year results for the year ended 31 December 2020.

  • Revenue during the year was N214.30 billion. (+33.03% YoY)
  • Operating profit during the year was N44.44 billion. (+48.47%YoY)
  • The company reported a profit after tax of N29.78 billion. (+33.16% YoY)
  • Earnings per share N2.45 vs N1.87. (+31.02% YoY)
  • A dividend of N1.50k was proposed by the Board of Directors.
  • The company share price is trading at N16.50. (-6.25% year to date)

See link to results.

FY 2020: Ardova Plc posts N1.86 billion Profit After Tax

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Ardova Plc (formerly Forte Oil Plc) released its full-year results for the year ended 31 December 2020.

  • Revenue during the year was N181.94 billion. (+3.1% YoY)
  • Cost of Sales for the year was N169.81 billion. (+2.7% YoY)
  • Net Finance cost was N1.23 billion during the year. (+355.6% YoY)
  • Profit After Tax (PAT) for the year was N1.86 billion. (-52.5% YoY)
  • Earnings per share N1.42k vs. N3.00k. (-52.7% YOY)
  • The company share price was trading at N14.65, as of when the result was released.(+8.1% year to date)

 

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FY 2020: Africa Prudential posts N1.45 billion Profit After Tax.

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Africa Prudential Plc released its full-year results for the year ended December 2020.

  • Gross revenue during the year was N3.51 billion. (-10.2% YoY)
  • Operating expenses for the year was N1.57 billion (-8.42% YoY).
  • Profit After Tax during the year was N1.45 billion (-13.98% YoY).
  • A dividend of 50 kobo per share was proposed
  • Earnings Per Share 72 kobo vs 84 kobo (-14.29% YoY).

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Custodian Investment Plc posts N12.69 billion profit in FY 2020. 

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 Custodian Investment Plc released its full-year results for the year ended December 2020. 

  • Gross revenue during the year was N75.06 billion. (+22.2% YoY). 
  • Total claims paid during the year was N14.3 billion. (+45.8% YoY). 
  • Profit Before Tax for the year was N13.67 billion. (+69.6% YoY)
  • Profit for the year was N12.69 billion. (+111% YoY). 
  • Earnings per share 196 kobo vs 97 kobo . (+102.1% YoY). 
  • A dividend of 45 kobo was proposed.

See link to results. 

 

2020 FY Results: Nestle posts  N39.2 billion, as earnings per share prints N49.47

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Nestle Nigeria Plc released its audited results for the year ended December 2020.

  • Revenue increased to N287.1 billion. (+1.07% YoY)
  • Profit before income tax was N60.6 billion in 2020. (-15.5%)
  • Earnings per share for the period under review was N49.47. (-14.16%).
  • Nestle proposed a dividend of N35.50 for the year ended 2020.
  • The company share price of N1,450, as of when the result was published is 3.65% down year to date.

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2020 FY: WEMA Bank posts N5.06 billion profit after tax as earnings per share prints at N13.1. 

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Wema Bank Plc released its full year 2020 results showing Net Interest Income of N31.04 billion, up by 19.4% from the N25.99 billion reported a year earlier. 

  • Net interest income after adjusting for loan impairments was N26.85 billion. (+35.24% YoY). 
  • Profit before tax was N6.96 billion. (+3.01% YoY). 
  • Earnings per share of N13.1 vs N13.5. (-2.9% YoY).
  • No dividend announcement was made in their press release. 
  • The company’s share price of N0.7 as of when the result was released. (+1.45% YoY). 

See link to results. 

2020 FY: Zenith Bank post N230.6 billion profit after tax

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Zenith Bank Plc released its full year 2020 audited results showing Net Interest Income of N299.7 billion up by 12.23% from the N267.03 billion recorded a year earlier. 

  • Net interest income after adjusting for loan impairments increased to N260.15 billion from N243 billion. (+7.1%YoY) 
  • Profit before tax was N255.9 billion, compared to N243.3 billion recorded in 2019. (+5.2%YoY) 
  • Earnings per share for the period under review is N7.34 from N6.65. (+10.4%YoY) 
  • A final dividend of N2.70 was declared for every share of 50k each 
  • The company’s share price of N26, up +4.8% YTD. 

See link to results. 

Mutual Benefits Assurance Plc boosts post tax profits by 25.9%

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Mutual Benefits Assurance Plc released its full-year results for the year ended December 2020.

  • Net Premium Income of N16.02 billion (+4.76% YoY).
  • Total claims paid during the year was N7.84 billion. (+32.22% YoY)
  • Underwriting profit of N4.01 billion. (-25.68% YoY)
  • Profit after tax for the year was N4.55 billion. (+25.92% YoY)
  • Earnings per share 40 kobo vs 36 kobo YoY.

See link to results.

2020 FY Results: Prestige Assurance Plc reports a 50.44% increase in profit.

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Prestige Assurance Plc released its full-year results for the year ended December 2020.

  • Net Premium Income of N3.47 billion. (+17.44% YoY)
  • Total claims paid during the year was N1.62 billion. (+13.06 YoY)
  • Underwriting profit of N819.93 million. (+60.21% YoY)
  • Profit after tax for the year was N649.66 million. (+50.44% YoY)
  • Earnings per share 10.21 kobo vs 8.02 kobo YoY.
  • The Shareholder’s Fund of the Company increased by N3.8 billion representing 45.05% rise YoY.

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John Holt falls deeper into losses

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John Holt Plc released its first-quarter results for the period ending December 2020 showing revenue dropped 37.24% to N214 million compared to N341 million same period a year earlier.

  • Operating expense  – N139 million (-12.03% YoY)
  • Loss after tax of N367 million (-327% YoY)
  • Loss per share of 94.30 kobo (-326.7% YoY)
  • No dividend announcement was made in their press release.
  • The company share price of N0.50, down 196% YTD.

See link to results.