Tag: Company Financial Results

2021 Q1 Results: Conoil Plc reports a 63% increase in profit to N423.9 million.

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

  • Revenue for the period was N22.09 billion. (-13.2% YoY)
  • Cost of sales N30.7 billion. (-12.9% YoY)
  • Administrative expenses totalled N1.29 billion. (-21.1% YoY)
  • Profit for the period was N423. 9 million. (+62.8% YoY)
  • Earnings per share of 61 kobo Vs 38 kobo YoY.
  • Total shareholders fund for the period was N19.94 billion (+1.1% YoY)
  • Net assets per share of N28.74 Vs N28.43 YoY.

See link to results.

Japaul Gold and Ventures Plc reports loss of N996.7 million in FY 2020

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Japaul Gold and Ventures Plc released its full-year audited financial statements for the year ended 31st December, 2020.

  • Revenue for the period was N689.6 million. (-4.94% YoY)
  • Administrative expenses totalled N1.12 billion. (+75.95% YoY)
  • An operating loss of N826.44 million was incurred during the period.
  • Loss from continuing operations was N996.7 million. (-102.4% YoY)
  • Loss from discontinued operations was N1.18 billion.
  • Loss per share of -19 kobo. (-102.91% YoY)
  • No dividend announcement was made.

See link to results.

2020 FY Results: Conoil Plc reports a 27% dip in profit to N1.44 billion.

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Conoil Plc released its audited financial statements for the year ended 31st of December, 2020.

  • Revenue for the year was N117.5 billion. (-15.9% YoY)
  • Cost of sales was N107.7 billion. (-14.8% YoY)
  • Administrative expenses totalled N5.18 billion. (-21.5% YoY)
  • Profit for the year was N1.44 billion. (-27% YoY)
  • Earnings per share of N2.08 Vs N2.84
  • A dividend of N1.50 was proposed by the board.

See link to results.

Enamelware Plc records a loss of N280.05 million in FY 2020.

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Enamelware Plc released its full-year unaudited results for the period ended 30th April, 2021.

  • Revenue for the period was N297.7 million. (-40.2% YoY)
  • Cost of sales was N432.01 million.( -42.2% YoY)
  • Administrative expenses totalled N109.3 million.(+82.1% YoY)
  • Operating loss of N243.61 million was incurred.
  • Loss for the period was N280.05 million.
  • Loss per share of –N3.68 Vs –N4.61 YoY.

See link to results.

Cutix Plc posts profit after tax of N624.3 million in Q4 2020.

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Cutix Plc released its fourth quarter unaudited results for the period ended 30th April, 2021.

  • Revenue for the period was N6.7 billion. (+34.2% YoY)
  • Cost of sales was N4.94 billion.(+34.8% YoY)
  • Administration expenses totalled N552.7 million.(-6.3% YoY)
  • Profit for the period was N624.3 million.(+101.8% YoY)
  • Earnings per share of 35 kobo Vs 18 kobo YoY.
  • Total assets per share of N2.56 Vs N1.99 YoY.

See link to results.

2020 FY Results: Honeywell Flour Mills Plc reports a 73.1% increase in profit to N1.13 billion.

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Honeywell Flour Mills Plc has released its full-year results for the year ended 31st March, 2021.

  • Revenue for the period was N109.59 billion. (+36.23% YoY)
  • Cost of sales was N93.97 billion. (+41.1% YoY)
  • General administrative expenses of N2.57 billion. (+3.4% YoY)
  • Operating profit was N7.65 billion. (+39.1% YoY)
  • Profit after tax was N1.13 billion. (+73.1% YoY)
  • A dividend of 7 kobo was proposed by the Board. (+75% YoY)

See link to results.

2021 Q1 Results: Cornerstone Insurance Plc grows profit by 39% to N658.15 million.

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

  • Net premium earned during the period was N2.82 billion. (+97.7% YoY)
  • Total claims paid during the period was N1.3 billion (+20.01% YoY)
  • Underwriting profit of N1.49 billion. (+566.6% YoY)
  • Personnel expenses totalled N598.25 million. (+33.3% YoY)
  • Profit after tax was N658.15 million. (+38.5% YoY)

See link to results.

2021 Q1 Results: Meyer Plc reports a 123% increase in profit to N5.7 million.

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

  • Revenue for the period was N223.5 million. (-15.5% YoY)
  • Cost of sales was N145.16 million. (-12.9% YoY)
  • Administrative expenses totalled N99.8 million. (-17.02% YoY)
  • Profit for the period was N5.68 million. (+122.7% YoY).
  • Earnings per share of 1 kobo(+120% YoY)

See link to results.

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

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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.

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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.