Tag: Company Financial Results

ABC Transport reports a loss of N73.1 million in Q1 2021.

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ABC Transport Plc released its unaudited results for the first quarter of the year (Q1, 2021).
• Revenue for the period was N1.35 billion. (-40.2% YoY)
• Cost of sales was N1.08 billion. (-44.6% YoY)
• Administrative expenses totalled N315.7 million. (-5.9% YoY)
• Loss from continuing operations was N73.08 million.
• Loss per share of -4 kobo Vs -8 kobo YoY

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The Initiates Plc reports a loss of N39.3 million in Q1 2021.

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

  • Revenue for the period was N54.45 million. (-66.3% YoY)
  • Cost of sales was N50.3 million. (-54.5% YoY)
  • Administrative expenses totalled N15.8 million. (-25.8% YoY)
  • A loss after tax of N39.26 million was incurred. (-610.04% YoY)
  • Loss per share of -0.05 kobo was incurred.
  • Gross profit margin for the period was 7.59%.

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International Breweries Plc reports a loss of N2.6 billion in Q1 2021.

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

  • Revenue for the period was N38.96 billion. (+10.2% YoY)
  • Cost of sales was N32.5 billion. (+11.3% YoY)
  • Administrative, marketing and promotion expenses totalled N8.98 billion. (+4.9% YoY)
  • Loss for the period was N2.6 billion.
  • Earnings per share of 10 kobo Vs 21 kobo YoY.

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2021 Q1 Results: Arbico Plc reports a 94% decline in profit to N56.7 million in Q1 2021.

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

  • Revenue for the period was N836.9 million. (-61.9% YoY)
  • Cost of sales was N539.8 million. (-49.5% YoY)
  • Operating expenses totalled N298.64 million. (+28% YoY)
  • Profit for the period was N56.7 million. (-93.7% YoY)
  • Earnings per share of 0.4 kobo Vs 6.1 kobo YoY.

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AIICO Insurance Plc posts N1.51 billion profit in Q1 2021.

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

  • Net premium income for the period was N14.19 billion. (+7% YoY)
  • Net claim expenses of N10.98 billion. (-42% YoY)
  • Underwriting profit of N27.7 billion was recorded. (+21,239% YoY)
  • Profit for the year was N1.51 billion. (-19% YoY)
  • Earnings per share of 10 kobo Vs 27 kobo YoY

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Guinea Insurance Plc reports a loss after tax of N61.2 million in Q1 2021.

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

  • Net premium income for the period was N198.12 million. (-3.4% YoY)
  • Total claims paid during the period was N40.2 million (-55.2% YoY)
  • Underwriting profit of N99.42 million. (-9.1% YoY)
  • Loss after tax of N61.2 million was recorded.
  • A loss per share of -1 kobo was recorded during the period.

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NPF Microfinance posts profit of N236.1 million in Q1 2020, up by 66.8% YoY.

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

  • Net interest income for the period was N994.2 million. (+20.8% YoY)
  • Fees and commission income of N160.8 million. (+31.3% YoY)
  • Administrative and general expenses of N398.5 million. (+30.9% YoY)
  • Personnel expenses of N412.07 million. (+5.3% YoY)
  • Profit for the period was N236.1 million. (+66.8% YoY)
  • Earnings per share of 10 kobo Vs 6 kobo YoY.

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2021 Q1 Results: Unity Bank records a 43% surge in profit to N721.5 million

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

  • Net interest income for the period was N4.8 billion. (+16% YoY)
  • Net fee and commission income was N1.6 billion. (-14% YoY)
  • Net operating income was N6.7 billion. (+12% YoY)
  • Total operating expenses of N5.9 billion. (+9% YoY)
  • Profit for the period was N721.5 million. (+43% YoY)
  • Earnings per share of 6 kobo Vs 4 kobo YoY

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MTN Nigeria Plc grows profit by 43% to N73.7 billion in Q1 2021.

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

  • Revenue for the period was N385.3 billion.(+17.06% YoY)
  • Direct networking operating costs of N93.9 billion. (+30.2% YoY)
  • Employees benefit was N9.32 billion. (+0.5% YoY)
  • Profit for the period was N73.7 billion. (+42.5% YoY)
  • Net assets per share for the period was N12.4
  • Earnings per share of N3.6 Vs N2.5 YoY

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Skyway Aviation Handling Company reports N93.4 million profit in Q1 2021.

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Skyway Aviation Handling Company Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N1.99 billion. (+0.7% YoY)
  • Direct cost of N1.16 billion was incurred. (+2.2% YoY)
  • Administrative expenses of N669.9 million. (+0.7% YoY)
  • Operating profit of N169.7 million. (-3% YoY)
  • Profit for the period was N93.4 million. (-3.01% YoY)
  • Earnings per share of 7 kobo. (+3% YoY)

See link to results.