Tag: Company Financial Results

Nascon Allied Industries Plc rakes in N1.45 billion profits in 6 months.

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Nascon Allied Industries Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N17.57 billion. (+20.9% YoY)
  • Cost of sales was N10.6 billion. (+22.1% YoY)
  • Operating profit was N2.13 billion. (-12.1% YoY)
  • Administrative expenses totalled N1.36 billion. (+29.9% YoY)
  • Profit for the period was N1.45 billion. (-2.5% YoY)
  • Earnings per share of N1.09 Vs N1.12 YoY
  • Total assets for the period was N45.7 billion

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May & Baker Nigeria Plc grows half-year profit by 27% to N555.3million.

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May & Baker Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N5.5 billion. (+35.7% YoY)
  • Cost of sales was N3.11 billion. (+25.5% YoY)
  • Operating profit was N936.8 million. (+36.2% YoY)
  • Administrative expenses totalled N542.05 million. (+104% YoY)
  • Profit for the period was N555.3 million. (+26.5% YoY)
  • Earnings per share from continuing operations was 32 kobo Vs 25 kobo YoY
  • Total assets for the period was N14.14 billion

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Aluminium Extrusion Industries Plc grows profit by over 2,000% in 2021 Half Year.

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Aluminium Extrusion Industries Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N1.4 billion. (+37.3% YoY)
  • Cost of sales was N1.16 billion. (+36.2% YoY)
  • Administrative expenses totalled N77.5 million. (+6.7% YoY)
  • Profit after tax was N68.3 million. (+2,184% YoY)
  • Earnings per share of 31 kobo Vs 1 kobo YoY.

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2021 Half-Year Results: Livestock Feeds Plc records a 258% increase in profit to N337.9 million.

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Livestock Feeds Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N7 billion. (+42.3% YoY)
  • Cost of sales was N6.2 billion. (+40.4% YoY)
  • Operating profit was N479.5 million. (+117.3% YoY)
  • Administrative expenses totalled N224.9 million. (+27.8% YoY)
  • Profit after tax was N337.9 million. (+258.2% YoY)
  • Earnings per share of 11.3kobo Vs 3.1kobo YoY.
  • Total assets for the period worth N5.83 billion.

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Ecobank Transnational Inc. grows profit by 29% to N62.6 billion in H1 2021.

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Ecobank Transnational Incorporated released its unaudited financial statements for the period ended 30th of June, 2021.

  • Net interest income for the period was N184.8 billion. (+14% YoY)
  • Fees and commission income of N92.8 billion. (+22% YoY)
  • Operating income was N334.9 billion. (+15% YoY)
  • Operating expenses totalled N196.62 billion. (+6% YoY)
  • Profit for the period was N62.6 billion. (+29% YoY)
  • Earnings per share from continuing operations of N1.74 Vs N1.35 YoY.
  • Total loans and advances to customers stood at N3.6 trillion
  • Total customers deposit stood at N7.9 trillion

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Daar Communications Plc reports over 100% increase in profit after tax in H1, 2021

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Daar Communications Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N1.91billion. (+30.4% YoY)
  • Cost of sales was N1.08 billion. (+3.6% YoY)
  • Administrative expenses totalled N743.7 million. (-13.4% YoY)
  • Profit for the year was N36.1 million. (+106.9% YoY)
  • Total assets for the period stands at N14.55 billion.

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Africa Prudential’s profit after tax plunges by 24% to N827.6 million in H1 2021.

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Africa Prudential Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Gross earnings for the period was N1.67 billion. (-11% YoY)
  • Personnel expenses totalled N287.6 million. (-10% YoY)
  • Total customers’ deposits for the period was N80.3 billion
  • Profit after tax for the period was N827.6 million. (-24% YoY)
  • Earnings per share of 41 kobo Vs 54 kobo YoY.
  • Total shareholders fund stood at N8.16 billion.

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Secure Electronic Technology Plc reports loss after tax of N23.95 million in H1 2021.

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Secure Electronic Technology Plc released its unaudited financial results for the half year ended 30th of June, 2021.

  • Gross sales for the period was N2.05 billion (+0.4% YoY)
  • Net income for the period was N89.3 million.(-6.9% YoY)
  • Administrative expenses totalled N112.8 million. (+15.5% YoY)
  • Loss after tax was N23.95 million.
  • Loss per share of -0.43kobo Vs -0.05kobo YoY.

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