Tag: Company Financial Results

Fidelity Bank Plc profit surges by 64% to N9.6 billion in Q1 2021.

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

  • Net interest income for the period was N28.8 billion. (+17.1% YoY)
  • Net fee and commission income of N4.17 billion. (+4% YoY)
  • Operating expenses totaled N22.96 billion. (+6.2% YoY)
  • Profit for the period was N9.6 billion (+63.7% YoY)
  • Earnings per share of 33 kobo Vs 20 kobo YoY.

See link to results.

Wema Bank Plc posts N4.6 billion profit in FY 2020.

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Wema Bank Plc has released its full-year audited results for the period ended 31st of December, 2020.

  • Net interest income after adjusting for impairment charges was N25.2 billion. (+27% YoY)
  • Net fee and commission income of N8.4 billion. (+5.3% YoY)
  • Operating income of N42.05 billion. (-4.6% YoY)
  • Personnel expenses totaled N14.1 billion. (-5.3% YoY)
  • Profit for the year was N4.6 billion. (-12% YoY)
  • Earnings per share of 12 kobo Vs 14 kobo YoY.
  • Total shareholders fund of N59.31 billion (+7.14% YoY)
  • A final dividend of 4 kobo was proposed by the board.

See link to results.

2020 FY Results: Smart Products Nigeria Plc posts profit after tax of N7.38 million.

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Smart Products Nigeria Plc released its full-year results for the period ended 31st of December, 2020.

  • Gross revenue for the year was N49.43 million. (-1% YoY)
  • Personnel expenses totalled N7.19 million. (-7.4% YoY)
  • Profit after tax was N7.38 million. (+36% YoY)
  • Earnings per share of 16 kobo Vs 12 kobo YoY.
  • Net assets per share was N2.06
  • A dividend of 10 kobo was declared.

See link to results.

Cadbury Nigeria Plc records a 62% decline in profit to N60.2 million in Q1 2021.

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

  • Revenue for the period was N8.9 billion. (+4.3% YoY)
  • Cost of sales was N7.4 billion. (+18.6% YoY)
  • Administrative expenses totalled N274.4 million. (-19.2% YoY)
  • Profit for the period was N60.2 million. (-62.2% YoY)
  • Earnings per share of 13 kobo Vs 34 kobo YoY.
  • Net assets per share was N7.34

See link to results.

BOC Gases Nigeria Plc records a 40% dip in profit to N60.2 million in Q1 2021.

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

  • Revenue for the period was N778.5 million. (-5.8% YoY)
  • Cost of sales was N427.6 million. (+5.3% YoY)
  • Operating profit of N107.6 million. (-6.01% YoY)
  • Administrative expenses totalled N142.5 million. (-10.7% YoY)
  • Profit after tax was N60.2 million. (-39.8% YoY)
  • Earnings per share of 14 kobo Vs 24 kobo YoY.

See link to results.

Ecobank Transnational Inc. Profit after tax increases by 23% in Q1 2021.

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Ecobank Transnational Incorporated released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N95.35 billion. (+24% YoY)
  • Fee and commission income of N45.6 billion. (+19% YoY)
  • Operating income of N164.6 billion. (+15% YoY)
  • Operating expenses totalled N97.63 billion. (+3% YoY)
  • Profit after tax was N30.5 billion. (+23% YoY)
  • Earnings per share from continuing operations was 84 kobo Vs 71kobo YoY

See link to results.

Transcorp Plc profit surges exponentially by over 2,000% to N2.04 billion in Q1 2021.

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

  • Revenue for the period was N24.4 billion. (+58.8% YoY)
  • Cost of sales was N14.01 billion. (+38.3% YoY)
  • Administrative expenses totalled N3.7 billion. (+9.4% YoY)
  • Operating profit of N6.9 billion. (+67.3% YoY)
  • Profit for the period was N2.04 billion. (+2,426.5% YoY)
  • Earnings per share of N0.018. (+244.4% YoY)

See link to results.

LivingTrust Mortgage Bank grows profit after tax by over 260% to N100.6 million in Q1 2021.

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

  • Gross earnings for the period was N251.8 million (+120.1% YoY)
  • Net fee and commission income of N19.17 million (+204.4% YoY)
  • Total operating income was N223.54 million (+115.5% YoY)
  • Operating expenses totalled N122.3 million. (+65.7% YoY)
  • Profit after tax was N100.6 million. (+261.2% YoY)
  • Earnings per share of 2kobo. (+265.5% YoY)

See link to results.