Chellarams Plc reports loss of N186.1 million in Q2 2021

Chellarams Plc released its unaudited financial results for the second quarter of the year ending 30th of September, 2021.

  • Revenue for the period was N5.19 billion. (+225.3% YoY)
  • Cost of sales of N4.22 billion. (+231% YoY)
  • Administrative expenses totalled N349.7 million. (+13% YoY)
  • Net assets during the period stood at N7.21 billion.
  • Loss after tax from continuing operations was N186.1 million

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2021 9M Results: Global Spectrum Energy Services Plc records a 33% slump in PBT to N153.7 million.

Global Spectrum Energy Services Plc released its financial results for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N1.29 billion. (-28% YoY)
  • Direct cost of N934.7 million. (-30.8% YoY)
  • Administrative expenses totalled N209.6 million. (-4.6% YoY)
  • An operating profit of N158.1 million was recorded. (-32.5% YoY)
  • Profit before tax was N153.7 million. (-32.9% YoY)
  • Total assets during the period stood at N5.64 billion.

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Ekocorp Plc reports net loss of N148.2 million in 9M 2021.

Ekocorp Plc released its earnings results for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N643.46 million. (-13.2% YoY)
  • Cost of sales was N548.86 million. (+8.1% YoY)
  • Operating expenses totalled N224.7 million. (-14.9% YoY)
  • Net loss for the period was N148.25 million.
  • Total shareholders fund stood at N2.34 billion during the period.
  • Loss per share of -29.7 kobo Vs -9.7 kobo YoY.

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The Initiates Plc reports a net loss of N94.6 million in 9M 2021.

The Initiates Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N178.25 million. (-51.4% YoY)
  • Cost of sales for the period was N151.2 million. (-38.2% YoY)
  • Administrative expenses totalled N65.04 million. (+16% YoY)
  • Total assets during the period stood at N1.69 billion. (+49.8% YoY)
  • Loss after tax was N94.6 million.
  • Loss per share of 0.11 kobo Vs 0.01 kobo YoY.
  • Return on assets of 0.11% Vs 0.32% YoY.

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C & I Leasing Plc posts loss after tax of N170 million in 9M 2021.

C & I Leasing Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Net lease rental income for the period was N6.43 billion (-16.5% YoY)
  • Net tracking income of N52.85 million (-40.8% YoY)
  • Net operating income was N5.08 billion. (-8.1% YoY)
  • Personnel expenses totalled N843.4 million. (-20% YoY)
  • Total assets for the period stood at N57.7 billion.
  • Loss after tax was N170 Million.
  • Earnings per share of 21.75 kobo Vs 43.90 kobo YoY.

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2021 9M Results: Unity Bank grows profit after tax by 23% to N1.94 billion.

Unity Bank released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Net interest income for the period was N14.6 billion (+15% YoY)
  • Fee and commission income of N4.56 billion (+16% YoY)
  • Operating income was N19.4 billion. (+8% YoY)
  • Operating expenses totalled N18.3 billion. (+14% YoY)
  • Total assets for the period stood at N574.6 billion. (+17% Ytd)
  • Profit for the period was N1.94 billion. (+23% YoY)
  • Earnings per share of 16.57 kobo Vs 13.46 kobo YoY.

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

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.

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

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.

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

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.

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

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.