Tag: Arbico Plc

Arbico Plc projects profit after tax of N44.56 million in Q4 2021.

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Arbico Plc released its earnings forecasts for the fourth quarter ending 31st of December, 2021.

  • Revenue was projected at N1.1 billion.
  • Cost of sales projection of N658.5 million
  • Finance income was projected at N1.67 million
  • Total expenses projection of N401.85 million.
  • Tax was projected at N20.97 million
  • Profit for the period was projected N44.56 million.

See link to results.

Arbico Plc set to hold Annual General Meeting (AGM) on September 9.

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Arbico Plc has announced that it will be hosting its Annual General Meeting on the 9th day of September, 2021 at 11:00am prompt.

According to a statement signed by the company’s secretary, Olaniwun Ajayi, and seen by nairametrics, the meeting will hold at Ilupeju, Lagos on the aforementioned date and time.

Sequel to this, the following issues will be discussed;

  • The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • Board appointments will also be considered and ratified.
  • To fix remuneration of managers and Directors in FY 2021.
  • To elect shareholders’ representatives of the statutory audit committee.

Furthermore, due to the COVID-19 pandemic, attendance of the AGM will be by proxy. Additionally, the firm also announced that the AGM will be streamed live online for shareholders and other stakeholders who will not be attending physically. The link for the AGM online live streaming will be made available on the company’s website at www.arbico.ng

For more information about the AGM, click HERE.

Arbico Plc records a loss of N1 billion in half year 2021.

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Arbico Plc released its unaudited financial statements for the period ended June 30, 2021.

  • Revenue for the period was N2 billion. (-37.7% YoY)
  • Cost of sales was N1.53 billion. (-70.8% YoY)
  • Operating expenses totalled N1.52 billion. (+228.3% YoY)
  • Loss for the period was N1 billion
  • Loss per share of 6.74 kobo. (-1,348% YoY)
  • Total assets for the period stood at N7.9 billion.

See link to results.

Arbico Plc projects profit after tax of N25.61million in Q3 2021.

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Arbico Plc, a leading construction and civil engineering company in Nigeria, has released its earnings forecasts for the third quarter of the year (Q3, 2021).

  • Revenue was projected at N914.55 million
  • Cost of sales was projected at N548.73 million
  • Total operating expenses projection of N3359.5 million
  • Operating profit was projected at N37.7 million
  • Tax was projected at N122.05 million
  • Profit after tax was projected at N25.61 million.

See link to forecasts.

2021 Q1 Results: Arbico Plc reports a 94% decline in profit to N56.7 million in Q1 2021.

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

  • Revenue for the period was N836.9 million. (-61.9% YoY)
  • Cost of sales was N539.8 million. (-49.5% YoY)
  • Operating expenses totalled N298.64 million. (+28% YoY)
  • Profit for the period was N56.7 million. (-93.7% YoY)
  • Earnings per share of 0.4 kobo Vs 6.1 kobo YoY.

See link to results.

2020 FY Results: Arbico Plc reports a 21.6% decline in profit.

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

  • Revenue for the year was N5.56 billion. (-8.53% YoY)
  • Cost of sales was N4.4 billion. (+8.4% YoY)
  • Administrative expenses totaled N947.03 million. (-12.7% YoY)
  • Operating profit was N642.23 million. (+1,015% YoY)
  • Profit for the year was N413.81 million. (-21.6% YoY)
  • Earnings per share of N5.07 Vs N3.56.
  • No dividend announcement was made.

See link to results.