UPDC Real Estate Investment Trust reports profit after tax of N583.2 million in H1 2021.

UPDC Real Estate Investment Trust released its unaudited results for the half year period ended 30th of June, 2021.

  • Income from investment property was N627 million. (-26% YoY)
  • Interest income of N159.2 million. (+3% YoY)
  • Net income for the period was N775.14 million. (-30% YoY)
  • Operating expenses totalled N86.9million. (-34% YoY)
  • Total assets during the period under review stood at N32.19 billion.
  • Profit after tax was N583.2 million. (-29% YoY)
  • Earnings per unit of 22 kobo Vs 31 kobo YoY.

See link to results.

2021 HY Results: C & I Leasing Plc half year profit slumps by 58% to N113 million.

C & I Leasing Plc released its unaudited financial results for the half year period ended 30th of June, 2021.

  • Gross earnings for the period stood at N9.3 billion. (-15.5% YoY)
  • Net lease rental income was N4.3 billion. (-17.04% YoY)
  • Net outsourcing income of N597.11 million. (-13.3% YoY)
  • Net tracking income of N38.9 million. (-35.7% YoY)
  • Total assets during the period stood at N58.01 billion.
  • Personnel expenses totalled N546.3 million. (-17.9% YoY)
  • Profit after tax was N113 million. (-57.8% YoY).
  • Basic earnings per share of 13 kobo Vs 36 kobo YoY.

See link to results.

2021 H1 Results: GTCO Plc’s profit after tax declines by 16% to N79.4 billion.

Guaranty Trust Holding Company Plc (GTCO Plc) released its interim financial results for the half year period ended 30th of June, 2021.

  • Net interest income after adjusting for loan impairments was N102.3 billion. (-15.3% YoY)
  • Net fee and commission income of N36.86 billion. (+53.4% YoY)
  • Personnel expenses totalled N17.23 billion. (-1.2% YoY)
  • Customers’ deposits during the period stood at N3.63 trillion.
  • Profit after tax was N79.4 billion. (-15.8% YoY)
  • Earnings per share of N2.79 Vs N3.32 YoY.

See link to results.

2021 H1 Results: UBA grows half year profit by 36% to N60.58 billion.

United Bank for Africa Plc (UBA) released its interim financial results for the half year period ended 30th of June, 2021.

  • Net interest income after impairment was N143.93 billion. (+29.1% YoY)
  • Net fee and commission income of N45.77 billion. (+18.6% YoY)
  • Employee benefit expenses totalled N42.62 billion. (-4.4% YoY)
  • Loans and advances to customers stood at N2.63 trillion.
  • Profit after tax was N60.58 billion. (+36.3% YoY)
  • Earnings per share of N1.69 Vs N1.24 YoY.
  • An interim dividend of 20 kobo per share was declared

See link to results.

Zenith Bank holds HY 2021 Investors Presentation. 

Zenith Bank Plc held its Half Year (HY) 2021 results presentation to investors and analysts. Below are the facts to the figures; 

  • Interest income declined by 6% YoY due to the prevailing low yield environment which affected yields on some marketable securities. 
  • On the other hand, Interest expense declined by 26% YoY due to rebalancing of deposit mix and the declining yield environment. 
  • Contribution of non-interest income to total revenue increased from 37.3% to 41.0% YoY. This was driven by the growth recorded in fees on electronic products (91%), account maintenance fee (51%) and agency& collection fees (50%). 
  • ROAE declined from 21.5% to 18.8% YoY due to the 15.6% YoY increase in capital base and the slow recovery of the economy. 
  • Cost-to-income ratio increased from 54.4% to 56.1% YoY due to inflationary pressure and regulatory costs. 
  • Capital adequacy and liquidity ratios during the period stood at 22.0% and 69.9% respectively. 
  • Customers’ deposits grew by 8.1% YoY due to increasing confidence in the Zenith brand. The breakdown of the deposit mix showed that demand account contributed the highest (55.2%), followed by Savings (20.4%), Domiciliary (17.5%) and Term (7%) 
  • Gross loans as at the period stood at N2.99trillion. The top four sectors it lent out to are; Upstream Oil and Gas (18.4%), Government (15.9%), General Commerce (13.2%), Other Manufacturing (10.5%).  
  • On the other hand, the sectors that got the least allocation in terms of the disbursement of the gross loans are; Finance and Insurance (0.3%), Education (0.4%), Beverages and Tobacco (2%). 
  • Total customers during the period stood at 13.71 million. (+24.1% YoY). 
  • A total number of 135,463 active POS terminals, 62,341 agents and 2,051 ATM terminals were recorded during the period under review. 
  • In terms of diversity, out of its 7,848 employees, 3936 are female while 3,912 are male employees. 

For more information about the Investors presentation, click HERE. 

Cutix Plc grows profit after tax by 5% to N137.02 million in Q1 2021.

Cutix Plc released its unaudited financial results for the first quarter of the year ended 31st of July, 2021.

  • Revenue for the period was N1.86 billion. (+25.3% YoY)
  • Cost of sales was N1.39 billion. (+27.6% YoY)
  • Administrative expenses totalled N188 million. (+44.5% YoY)
  • An operating profit of N234.97 million was declared.
  • Profit for the period was N137.02 million. (+5% YoY)
  • Earnings per share of 8 kobo Vs 7 kobo YoY.

See link to results.

Zenith Bank post profit after tax of N106.12 billion in HY 2021

Zenith Bank Plc released its interim financial statements for the six months period ended 30 June, 2021.

  • Net interest income for the period was N159.94 billion. (+1.6% YoY)
  • Net income on fees and commission of N47.66 billion. (+42.3% YoY)
  • Operating expenses totalled N97.6 billion. (+17.9% YoY)
  • Deposits from customers stood at N5.77 trillion.
  • Profit after tax for the period was N106.12 billion. (+2.2% YoY)
  • Earnings per share of N3.38 Vs N3.30 YoY.

See link to results.

 

 

Guinness Nigeria grows profit by 110% to N1.26 billion in FY 2020.

Guinness Nigeria Plc released its full-year audited financial statement for the year ended 30th of June, 2021.

  • Revenue for the period was N160.42 billion. (+54% YoY)
  • Cost of sales was N114.71 billion. (+61% YoY)
  • Administrative expenses totalled N10.5 billion. (-27% YoY)
  • Operating profit was N9.87 billion (+177% YoY)
  • Profit for the year was N1.26 billion. (+110% YoY)
  • Earnings per share of 57 kobo. (+110% YoY)
  • The Board recommended dividends totalling N1 billion.

See link to results.