Tag: Company Financial Results

R.T Briscoe Nigeria Plc reports a loss of N498.5 million in Q1 2021.

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R.T Briscoe Nigeria Plc released its unaudited financial results for the first quarter of the Year (Q1, 2021) ended 31st of March, 2021.

  • Revenue for the period was N1.13 billion. (-19% YoY)
  • Cost of sales was N826.17 million (-25% YoY)
  • Administrative expenses of N291.1 million. (+15% YoY)
  • Loss for the period was N498.5 million.
  • Loss per share of -42 kobo Vs -21 kobo YoY.

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RT Briscoe Nigeria Plc reports a loss of N760.9 million in FY 2020.

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RT Briscoe Nigeria Plc released its audited financial results for the year ended 31st of December, 2020.

  • Revenue for the year was N6.5 billion. (-6.6% YoY)
  • Cost of sales was N5.14 billion. (-2.8% YoY)
  • Administrative expenses totalled N1.23 billion. (-3.02% YoY)
  • Operating profit was N537.27 million. (+176% YoY)
  • Loss for the year was N760.9 million.
  • Loss per share from continuing operations of –N0.93 Vs -N1.06 YoY.
  • No dividend was declared.

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Tripple Gee and Company Plc reports a 129% increase in profit to N85.9 million in FY 2020.

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Tripple Gee and Company Plc released its audited financial results for the year ended 31st of March, 2021.

  • Revenue for the year was N2.01 billion. (+51.9% YoY)
  • Cost of sales was N1.59 billion. (+58.2% YoY)
  • Distribution and administrative expenses totalled N244.1 million. (+6.21% YoY)
  • Profit after tax was N85.9 million. (+128.8% YoY)
  • Earnings per share of 17.4 kobo Vs 7.6 kobo YoY.
  • No dividend announcement was made

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2020 FY Results: PZ Cussons Nigeria Plc reports a 125% surge in profit to N1.8billion.

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PZ Cussons Nigeria Plc released its unaudited results for the 12 months period ended 31st of May, 2021.

  • Revenue for the year was N82.4 billion. (+23% YoY)
  • Cost of sales was N59.09 billion. (+1.2% YoY)
  • Administrative expenses totalled N6.85 billion. (+25.0% YoY)
  • Operating profit was N6.97 billion. (+198.6% YoY)
  • Profit after tax was N1.8 billion. (+125.3% YoY)
  • Earnings per share of 46 kobo. (+125.3% YoY)
  • Net profit margin was 2.2% Vs -11% YoY.
  • Quick ratio of 0.8 Vs 0.6 YoY.

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2021 Q1 Results: Coronation Insurance profit surge by 79% to N648.2 million.

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Coronation Insurance Plc released its unaudited interim financial results for the first quarter of the year ended 31st of March, 2021.

  • Net premium income for the period was N2.32 billion. (+2.2% YoY)
  • Fees and commission income of N228.15 million. (-47.3% YoY)
  • Total claims paid during the period was N1.64 billion (+43.01% YoY)
  • Underwriting profit was N755.85 million. (-41.7% YoY)
  • Operating expenses totalled N1.36 billion. (-10.8% YoY)
  • Profit after tax was N648.2 million. (+79.4% YoY)

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 Mutual Benefits Assurance Plc reports loss after tax of N1.97 billion in Q1 2021.

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Mutual Benefits Assurance Plc released its unaudited interim results for the first quarter of the year (Q1, 2021).

  • Net premium income was N5.45 billion. (+27.1% YoY)
  • Net benefits and claims of N1.35 billion. (+70.5% YoY)
  • Underwriting profit was N3.17 billion. (+23.9% YoY)
  • Loss after tax was N1.97 billion. (-312% YoY)
  • Loss per share of 19 kobo. (-311% YoY).
  • Total shareholders fund for the period was N21.4 billion

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Mutual Benefits Assurance Plc grows profit by 41% to N5.11 billion in FY 2020.

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Mutual Benefits Assurance Plc released its full-year results for the year ended 31st of December, 2020.

  • Net premium income was N16.08 billion. (+5% YoY)
  • Net benefits and claims of N7.9 billion. (+35% YoY)
  • Underwriting profit was N3.7 billion. (-32% YoY)
  • Profit for the year was N5.11 billion. (+41% YoY)
  • Earnings per share of 46 kobo Vs 36 kobo YoY.
  • Total shareholders’ fund was N23.35 billion. (+74% YoY)
  • No dividend announcement was made.

See link to results.

2020 FY Results: Coronation Insurance Plc profit after tax surge by 461% to N1.2 billion.

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Coronation Insurance Plc released its audited full-year results for the period ended 31st of December 2020.

  • Net premium income for the year was N7.4 billion. (-5.8% YoY)
  • Fee and commission income was N2.11 billion. (+26.7% YoY)
  • Total claims paid during the period was N6.91 billion (+69.5% YoY)
  • Underwriting profit of N3.29 billion.(+12.5% YoY)
  • Expenses for the period totalled N5.43 billion. (+1.3% YoY)
  • Profit after tax was N1.2 billion. (+460.9% YoY).
  • Earnings per share of 7 kobo Vs 2 kobo YoY.

See link to results.

 Notore Chemicals Industries Plc reports a loss of N6.4 billion in FY 2020.

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Notore Chemicals Industries Plc released its audited full-year results for the period ended 30th September 2020.

  • Revenue for the period was N18.8 billion.(-12% YoY)
  • Cost of sales was N21.7 billion. (+24% YoY)
  • Administrative expenses totalled N5.9 billion.(-10.4% YoY)
  • Operating profit was N9.49 billion. (+177% YoY)
  • Loss for the year was N6.4 billion.
  • Loss per share of -N3.97 Vs -N3.57 YoY.

Commenting on why the firm recorded a massive loss despite a surge in its operating profit, the Chairman of Notore Chemical Industries Plc, General Yakubu Gowon said: ‘’ Our operating profit in the financial year increased by 177% from ₦3.42 billion in FYE 2019 to ₦9.48 billion in FYE 2020. Despite the positive operating profit, we recorded a loss for the year of ₦6.39 billion during the period (FYE 2019: ₦5.75 billion). This was due to the offsets caused by Finance Cost— which rose from ₦13.69 billion in FY 2019 to ₦23.40 billion in FY 2020—and an Exchange loss on US dollar-denominated loans of ₦7.72 billion as a result of the CBN’s devaluation of the Naira from ₦306/$ to ₦380/$ during the period.’’

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2020 FY Results: Bricklinks Africa Plc records a 115% surge in profit after tax.

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Bricklinks Africa Plc has released its full-year results for the period ended 31st of December, 2020.

  • Revenue for the period was N215.9 million. (+30.4% YoY)
  • Cost of sales was N181.08 million. (+29.14% YoY)
  • Operating expenses totalled N33.18 million. (+1.5% YoY)
  • Profit for the year was N1.1 million. (+115% YoY)
  • Earnings per share of 11 kobo. (+115.1% YoY)
  • No dividend announcement was made.

See link to results.