Nestle Nigeria Plc declares interim dividend of N25 to be paid to shareholders

Chidinma Anyalewechi 1 Comment

Nestle Nig Plc has announced an interim dividend of N25.00k per 50 kobo ordinary share, representing N19.82 billion for the financial period ended September 30, 2021.

This is contained in a notice filed with the Nigerian Exchange Limited (NGX) and signed by the company’s secretary, Bode Ayeku, FCIS.

The interim dividend of 25 naira per share is subject to appropriate withholding tax and approval will be paid on all of the company’s 792,656,252 outstanding shares, taking the total amount to be disbursed as final dividends to N19.82 billion.

Hence, on the 6th of December 2021, the dividend will be paid electronically to the shareholders whose names appear in the Register of Members as at the close of business on November 19, 2021.

In order to facilitate the process, the Register of Shareholders will be closed from 22nd of November to 26th of November, 2021.

Therefore, shareholders are urged to ensure that their names appear on the Company’s Register of Members as at the aforementioned date and shareholders who are yet to complete the e-dividend registration are advised to download the form on the Registrar’s website, complete the form and submit it to the Registrar or their respective banks.

Shareholders are also expected to mandate the Registrar (GTL Registrars Limited) to pay their dividends directly into their bank accounts.

Furthermore, shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment have been advised to contact the registrar.

What you should know:

Nestle Nigeria Plc has reported a 25.71% growth in its Revenue to N90.15 billion for the 2021 Q3 Period. Similarly, bottom-line growth was recorded as net profit appreciated by 17.21% to N11.85 billion. During the period, earnings per share (EPS) grew to N14.95 kobo, advancing by 17.16% YoY.

Nestle Nigeria Plc, as at the time of this report, trades at N1,405.00 per share.

GlaxosmithKline Plc reports profit after tax of N62.79 million in Q3 2021

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

  • Revenue during the period was N6.59 billion. (+9.55% YoY)  
  • Cost of sales stood at N4.99 billion. (+11.10% YoY) 
  • Selling and Distribution costs for the period was N1.15 billion. (+20.21% YoY) 
  • Administrative expenses of N559 million was recorded. 
  • Profit before tax was N92.64 million (+49.88%). Total assets during the period stood at N23.49 billion. (+1.23 bn YoY) 
  • Profit after tax was N62.79 million. (+49.41 YoY) 
  • Earnings per share of 5 kobo Vs 4 kobo YoY. 

See link to results 

 

United Capital Plc announces the Launch of N150 billion Infrastructure Fund

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United Capital Plc has announced the launch of a Naira-denominated fund, the United Capital Infrastructure Fund (UCIF), with a N150 billion issuance program, established to provide long-term financing for the delivery of critical infrastructure.

The United Capital Infrastructure fund is anticipated to bridge the infrastructure deficits in Nigeria and sub-Saharan Africa.

While the sponsor of the fund is United Capital Plc, the fund is being managed by United Capital Asset Management Limited (UCAML).

What this means

According to the disclosure signed by the company’s secretary, Leo Okafor and published on the NGX website, the fund has been registered by the Securities and Exchange Commission (SEC), as a close-ended fund, with a N150 bilion issuance program.

The idea behind the fund is to finance bankable infrastructure assets across different and diverse sectors such as power and renewable energy, transportation, agribusiness and industrial infrastructure, healthcare, technology, mass housing, urban and social infrastructure.

In addition, Africa Finance Corporation has been retained by the Fund as the independent Financial Advisor, to provide additional layers of best practice of corporate governance in enhancing the project appraisal and due diligence activities of the Fund Management team.

The Managing Director of United Capital Asset Management Limited has explained that as part of the preparatory activities, numerous infrastructure projects were appraised and the Fund management team is currently at the advanced stage of conducting due diligence on a deal pipeline valued at N54 billion which includes several projects.

Speaking at the launch of United Capital Infrastructure Fund, Mr. Peter Ashade, the Group Chief Executive Officer of United Capital Plc commented that “the journey to launch the Fund has taken almost two years, during which period extensive preparatory studies and appraisals were carried out to establish the business case for the Fund, as well as to define a model and governance framework that would provide investors that have an appetite for long-term financing products (such as pension funds and insurance companies), with sufficient confidence of the attractiveness of UCIF, as an investment opportunity”.

Tripple Gee & Company Plc reports profit after tax of N49.7 million in Q2 2021.

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Tripple Gee & Company Plc released its unaudited financial results for the second quarter of the year ended 30th of September, 2021.

  • Turnover during the period was N371.47 million. (-55.4% YoY)
  • Cost of sales stood at N188.8 million. (-73% YoY)
  • Distribution and administrative expenses totalled N108.75 million. (+87.1% YoY)
  • An operating profit of N73.9 million was recorded.
  • Total assets during the period stood at N3.48 billion. (+79.3 YoY)
  • Profit after tax was N49.7 million. (+41.4 YoY)
  • Earnings per share of 10.04 kobo Vs 7.10 kobo YoY.

See link to results.

Africa Prudential’s profit after tax dips by 18% to N1.15 billion in 9M 2021.

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Africa Prudential Plc released its interim results for the nine months period ended 30th of September, 2021.

  • Gross revenue during the period stood at N2.45 billion. (-7.04% YoY)
  • Personnel expenses totalled N454.5 million. (-2.2% YoY)
  • Deposits from customers totalled N7.55 billion. (-12.6% YtD)
  • Total assets during the period stood at N17.03 billion.
  • Profit after tax of N1.15 billion. (-18.3% YoY)
  • Earnings per share of 58 kobo Vs 71 kobo YoY.

See link to results.

2021 9M Results: UBA grows profit by 36% to N104.6 billion.

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United Bank for Africa Plc (UBA) released its interim results for the nine months period ended 30th of September, 2021.

  • Net interest income for the period was N229.3 billion. (+1.7% YoY)
  • Net fee and commission income of N67.92 billion. (+20.8% YoY)
  • Operating income was N331.7 billion. (+12.9% YoY)
  • Operating expenses totalled N206 billion during the period. (+6.9% YoY)
  • Deposits from customers stood at N6.08 trillion during the period.
  • Profit for the period was N104.6 billion. (+35.6% YoY)
  • Earnings per share of N2.94 Vs N2.16 YoY.

See link to results.

2021 9M Results: NPF Microfinance Bank boosts profit after tax by 40% to N766.17 million.

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NPF Microfinance Bank Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.

  • Gross earnings for the period stood at N4.33 billion. (+33.7% YoY)
  • Net interest income of N3.44 billion. (+31.8% YoY)
  • Fee and commission income of N437.6 million. (+19.5% YoY)
  • Personnel expenses totalled N1.4 billion. (+15.7% YoY)
  • Profit for the period was N766.17 million. (+40.2% YoY)
  • Earnings per share of 34 kobo Vs 24 kobo YoY.

See link to results.

Unilever Nigeria Plc grows profit by 153% to N1.08 billion in 9M 2021.

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Unilever Nigeria Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N58.7 billion. (+31.3% YoY)
  • Cost of sales stood at N42.9 billion. (+23% YoY)
  • Administrative and marketing expenses totalled N12.4 billion. (+28.8% YoY)
  • An operating profit of N675.2 million was recorded during the period.
  • Profit for the period was N1.08 billion. (+152.6% YoY)
  • Earnings per share of 19 kobo Vs -36 kobo YoY.

See link to results.

2021 9M Results: Stanbic IBTC’s profit after tax slumps by 40% to N39.95 billion.

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Stanbic IBTC Holdings Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.

  • Net interest income for the period was N54 billion. (-4% YoY)
  • Non-interest revenue stood at N69.3 billion. (-29.7% YoY)
  • Operating expenses totalled N79.3 billion. (+12% YoY)
  • Total assets during the period stood at N2.75 trillion
  • Profit for the period was N39.95 billion. (-39.6% YoY)
  • Earnings per share of N2.93 Vs. N5.80 YoY.

See link to results.

P Z Cussons Nigeria Plc grows profit after tax by 209% to N231.09 million in Q1 2021.

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PZ Cussons Nigeria Plc released its unaudited financial statement for the first quarter of the year (Q1, 2021) ended 31st of August 2021.

  • Revenue for the period was N22.2 billion (+18.7% YoY).
  • Cost of sales stood at N16.52 billion. (+19.6% YoY)
  • Administrative expenses totalled N1.81 billion. (+2.4% YoY)
  • An operating profit of N1.51 billion was recorded during the period (+99.3% YoY)
  • Profit for the period was N231.09 million. (+208.8% YoY)
  • Earnings per share of 6 kobo. (+220% YoY)
  • Operating margin of 7% Vs 4% YoY.

See link to results.