Tag: Company Financial Results

Stanbic IBTC profit plunges by over 45% to N11.3 billion in Q1 2021.

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

  • Net interest income for the period was N15.9 billion. (-14.3% YoY)
  • Net fee and commission income of N20.8 billion. (+16.2% YoY)
  • Operating expenses of N26.96 billion. (+8.8% YoY)
  • Profit for the period was N11.3 billion. (-45.4% YoY)
  • Earnings per share printed 96 kobo (-49.7% YoY)

See link to results.

Africa Prudential Plc posts profit after tax of N381.35 million in Q1 2021.

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

  • Gross earnings for the period was N825.6 million (+11.1% YoY)
  • Personnel expenses totalled N128.65 million (-18.6% YoY)
  • Customers’ deposits increased to N22.5 billion.
  • Profit after tax was N381.35 million. (+11.6% YoY)
  • Earnings per share of 19 kobo Vs 17 kobo YoY.

See link to results.

GT Bank records a 9% dip in profit to N45.55 billion in Q1 2021.

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

  • Net interest income after loan impairment charges was N50.57 billion. (-19.8% YoY)
  • Net fee and commission income of N14.61 billion. (+7.8% YoY)
  • Personnel expenses totalled N9.97 billion. (+7.91% YoY)
  • Customers’ deposits during the period increased to N3.6 trillion
  • Profit for the period was N45.55 billion. (-9.03% YoY)
  • Earnings per share of N1.60 Vs N1.77 YoY.

See link to results.

Secure Electronic Technology Plc records a 121% surge in Profit after tax in Q1 2021.

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

  • Net income for the period was N58.35 million. (+29.1% YoY).
  • Administrative expenses totalled N56.55 million. (+8.8% YoY)
  • Operating profit was N1.8million. (+126.6% YoY)
  • Profit after tax was N1.57 million. (+121.4% YoY)
  • Earnings per share of 3 kobo. (+123.1% YoY)

See link to results.

2020 FY Results: Guinea Insurance Plc reports a loss of N227.7 million.

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

  • Net premium income for the year was N733.95 million. (-18.7% YoY)
  • Total claims paid during the period was N155.2 million (-39.1% YoY)
  • Underwriting profit was N374.1 million. (-13.8% YoY)
  • Loss for the year was N227.7 million
  • Loss per share of -4 kobo vs -13 kobo YoY.

See link to results.

2020 FY Results: Unity Bank Plc posts profit after tax of N2.09 billion.

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Unity Bank Plc released its full-year audited results for the year ended 31st December, 2020.

  • Net interest income for the year was N17.75 billion. (+7.6% YoY)
  • Fee and commission income of N5.22 billion. (+4.84% YoY)
  • Total operating income was N21.34 billion. (-15.1% YoY)
  • Operating expenses totalled N23.24 billion. (+18.8% YoY)
  • Profit after tax for the year was N2.09 billion. (-38.3% YoY)
  • Earnings per share of 18 kobo s 29 kobo YoY.
  • No dividend was announced for the period.

See link to results.

Guinea Insurance Plc reports a loss of N142.13 million in 9M 2020.

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Guinea Insurance Plc released its audited results for the nine months period ended September 30, 2020.

  • Net premium income of N557.13 million. (-13.2% YoY)
  • Total claims paid during the period was N176.57 million (+36.4% YoY)
  • Underwriting profit of N236.53 million. (-34.5% YoY)
  • Loss after tax for the period was N142.13 million
  • Loss per share of -2kobo Vs -12 kobo YoY.

See link to results.

UBA Plc posts profit after tax of N38.16 billion in Q1 2021.

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

  • Net interest income for the period was N74.4 billion. (+13.7% YoY)
  • Net fee and commission income was N20.4 billion. (+8.9% YoY)
  • Net operating income after impairment was N104.6 billion. (+14.6% YoY)
  • Total operating expenses of N64.45 billion. (+9.9% YoY)
  • Profit for the period was N38.16 billion. (+26.8% YoY)
  • Earnings per share of N1.04 Vs 83kobo YoY.

See link to results.