Airtel Africa Plc reports profit after tax of $415million in FY 2020.

Airtel Africa Plc has released its results for the year ended 31st of March, 2021.

  • Revenue for the period was $3.9 billion. (+14.2% YoY)
  • Total expenses of $2.8 billion were incurred. (+10.3% YoY)
  • Operating profit of $1.12billion. (+24.2% YoY)
  • Profit after tax was $415 million. (+1.8% YoY)
  • Earnings per share of 9 cents. (-12.6% YoY)
  • A final dividend of 2.5 cents per ordinary share was proposed.

See link to results.

Caverton Offshore Support Group reports profit after tax of N520 million in Q1 2021.

Caverton Offshore Support Group Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N8.2 billion. (+3.8% YoY)
  • Operating profit for the period was N2.04 billion. (+124.2% YoY)
  • EBITDA for the period was N2.5 billion. (+78.6% YoY)
  • Profit before tax was N728 million. (+25.9% YoY)
  • Earnings per share of 16 kobo Vs 13 kobo YoY.
  • Net profit margin of 6% Vs 5% YoY.

See link to results.

Afromedia Plc reports a loss after tax of N27.3 million in Q1 2021.

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

  • Turnover for the period was N65.9 million. (-16.1% YoY)
  • Cost of sales was N48.2 million. (+26% YoY)
  • Administrative expenses totalled N47.63 million. (+27.6% YoY)
  • Operating loss of N25.3 million was incurred for the period.
  • Loss after tax for the period was N27.3 million. (-1,076.2% YoY)

See link to results.

2020 FY Results: UPDC Real Estate Investment Trust records over 500% growth in Profit after tax.

UPDC Real Estate Investment Trust released its audited full-year results for the period ended 31st of December, 2020.

  • Total revenue for the period was N2.42 billion. (+2,279% YoY)
  • Rental Income was N1.5 7 billion. (-7.1% YoY)
  • Operating expenses totalled N480.5 million. (-11.5% YoY)
  • Profit after tax was N1.93 billion. (+530.1% YoY)
  • Earnings per unit of 72 kobo. (+523.5% YoY)

See link to results.

Sovereign Trust Insurance records a 43% surge in profit after tax to N392.1 million in Q1 2021.

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

  • Net premium written for the period was N1.9 billion. (+18% YoY)
  • Total claims paid during the period was N1.27 billion (+17% YoY)
  • Underwriting profit of N851 million. (+53% YoY)
  • Profit after tax was N392.11 million. (+43% YoY)
  • Earnings per share of 3.45 kobo Vs 3.3 kobo YoY.
  • Net assets per share of 79 kobo.

See link to results.

Seplat Petroleum Company announces currency exchange rates for proposed final dividend in FY 2020.

Seplat Petroleum Development Company has announced the exchange rates that will be applicable in determining the proposed final dividend for 2020.

According to a notice filed with the Nigerian Exchange Group Plc (NGX) and seen by the Nairametrics, the following rates are applicable to any shareholder that qualifies for and has elected to receive the FY 2020 dividend payment in Naira or Pounds;

  • 1 USD = 410.24 Naira
  • 1 USD = 0.7197 GBP.

According to the notice, the exchange rate for the Naira or Pound Sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 30th April 2021.

It is pertinent to note that upon the satisfaction of pre-requisite conditions, qualified Seplat shareholders are entitled to receive their dividend either in the default local currency (Naira) or the US Dollar. In light of this, the closing date for dividend currency election to the company’s registrar is 18th of May, 2021.

The firm had earlier stated that Shareholders holding their shares on the Nigerian Exchange Group (NGX Plc) without a valid Nigerian Certificate for Capital Importation (“CCI”) will be paid their dividend in Naira as the default currency. On the other hand, Shareholders holding their shares on the NGX with a valid CCI will be paid their dividend in US dollars as the default currency.

The firm also noted that shareholders with a US Dollar default dividend payment scheme can opt to receive their entire dividend payment in Naira subject to the provision of CCI to Datamax Registrars Limited.

What you should know:

  • Seplat Petroleum Development Company Plc is a leading independent energy company listed on both the Nigerian Exchange Group and the London Stock Exchange.
  • The firm had earlier announced a FY 2020 final dividend of $0.05 per share payable to qualified shareholders’, whose names appear in the Register of Members as at close of business on 4th of May, 2021.
  • Within the period under review, the firm reported a loss of $80.2 million.

 

Ardova Plc posts profit after tax of N858.7 million in Q1 2021.

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

  • Revenue for the period was N41.99 billion. (+0.8% YoY)
  • Cost of sales was N38.6 billion. (+0.5% YoY)
  • Administrative expenses totalled N1.5 billion. (+7.4% YoY)
  • Operating profit for the period was N1.4 billion.
  • Profit after tax was N858.7 million. (+1% YoY)
  • Earnings per share of 66 kobo Vs 65 kobo YoY.

See link to results.

2021 Q1 Results: Portland Paints and Products Nigeria Plc reports a 131% increase in profit.

Portland Paints and Products Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue from contracts with customers was N476.46 million. (+22% YoY)
  • Cost of sales was N317.6 million. (+24.2% YoY)
  • Administrative expenses totalled N86.7 million. (-22.7% YoY)
  • Profit from continuing operations was N14.92 million. (+131.5% YoY)
  • Earnings per share of 2 kobo (+133.3% YoY)

See link to results.