Tag: Company Financial Results

Unilever Nigeria Plc grows profit by 153% to N1.08 billion in 9M 2021.

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Unilever Nigeria Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N58.7 billion. (+31.3% YoY)
  • Cost of sales stood at N42.9 billion. (+23% YoY)
  • Administrative and marketing expenses totalled N12.4 billion. (+28.8% YoY)
  • An operating profit of N675.2 million was recorded during the period.
  • Profit for the period was N1.08 billion. (+152.6% YoY)
  • Earnings per share of 19 kobo Vs -36 kobo YoY.

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2021 9M Results: Stanbic IBTC’s profit after tax slumps by 40% to N39.95 billion.

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Stanbic IBTC Holdings Plc released its unaudited financial statement for the nine months period ended 30th of September, 2021.

  • Net interest income for the period was N54 billion. (-4% YoY)
  • Non-interest revenue stood at N69.3 billion. (-29.7% YoY)
  • Operating expenses totalled N79.3 billion. (+12% YoY)
  • Total assets during the period stood at N2.75 trillion
  • Profit for the period was N39.95 billion. (-39.6% YoY)
  • Earnings per share of N2.93 Vs. N5.80 YoY.

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P Z Cussons Nigeria Plc grows profit after tax by 209% to N231.09 million in Q1 2021.

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PZ Cussons Nigeria Plc released its unaudited financial statement for the first quarter of the year (Q1, 2021) ended 31st of August 2021.

  • Revenue for the period was N22.2 billion (+18.7% YoY).
  • Cost of sales stood at N16.52 billion. (+19.6% YoY)
  • Administrative expenses totalled N1.81 billion. (+2.4% YoY)
  • An operating profit of N1.51 billion was recorded during the period (+99.3% YoY)
  • Profit for the period was N231.09 million. (+208.8% YoY)
  • Earnings per share of 6 kobo. (+220% YoY)
  • Operating margin of 7% Vs 4% YoY.

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PZ Cussons Nigeria Plc grows profit after tax by 124% to N1.7 billion in FY 2020

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PZ Cussons Nigeria Plc released its consolidated financial statements for the year ended 31st of May, 2021.

  • Revenue for the period was N82.6 billion. (+23% YoY)
  • Cost of sales stood at N59.5 billion. (+2% YoY)
  • Administrative expenses totalled N6.5 billion. (+19.3% YoY)
  • An operating profit of N1.19 billion was generated.
  • Profit after tax was N1.7 billion. (+124% YoY)
  • Earnings per share of 37 kobo (+121% YoY).

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2021 Q2 Results: Northern Nigeria Flour Mills Plc grows profit after tax by 17% to N90.9 million.

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Northern Nigeria Flour Mills Plc released its unaudited financial results for the second quarter of the year (Q2, 2021) ended September 30, 2021.

  • Revenue for the period was N4.45 billion. (+82.3% YoY)
  • Cost of sales stood at N4.13 billion. (+87.6% YoY)
  • Administrative expenses totalled N182.3 million. (+82.6% YoY)
  • An operating profit of N120.13 million was generated.
  • Profit after tax was N90.9 million. (+16.8% YoY)
  • Earnings per share of 51 kobo Vs 44 kobo YoY.

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UPDC Plc reports a loss of N1.18 billion in 9M 2021.

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UPDC Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Revenue for the period was N614.74 million. (+34.1% YoY)
  • Cost of sales stood at N529.4 million. (+111.3% YoY)
  • Administrative expenses totalled N565.3 million. (-6.3% YoY)
  • An operating loss of N512.04 million was incurred during the period.
  • Total assets stood at N21.15 billion during the period under review.
  • Loss for the period was N1.18 billion
  • Loss per share of -6 kobo Vs -34 kobo YoY.

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Eunisell Interlinked Plc grows profit after tax by 498% to N21.19 million in Q1 2021.

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Eunisell Interlinked Plc. released its unaudited financial statements for the first quarter of the year (Q1, 2021) ended 30th of September, 2021.

  • Revenue for the period was N89.15 million. (+525% YoY)
  • Cost of sales was N37.1 million. (+1, 071% YoY)
  • Operating expenses totalled N17.05 million. (+61% YoY)
  • Total assets for the period stood at N655.2 million.
  • Profit for the period was N21.19 million. (+498% YoY)

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Infinity Trust Mortgage Bank grows profit after tax by 52% to N447.1 million in 9M 2021.

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Infinity Trust Mortgage Bank Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Turnover for the period stood at N1.24 billion. (+24.3% YoY)
  • Net fee and commission income of N83.4 million. (+5.6% YoY)
  • Operating income totalled N1.06 billion. (+23.7% YoY)
  • Operating expenses totalled N555.4 million. (+2.8% YoY)
  • Total assets during the period stood at N15.6 billion.
  • Profit after tax was N447.1 million. (+52.3% YoY)
  • Earnings per share of 13.29 kobo Vs 8.37 kobo YoY.

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2021 9M Results: LivingTrust Mortgage Bank grows profit by 372% to N533.3 million.

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LivingTrust Mortgage Bank Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Gross Earnings for the period stood at N1.12 billion. (+164.7% YoY)
  • Net fee and commission income of N123.96 million. (+175.6% YoY)
  • Operating income was N967.8 million. (+149% YoY)
  • Operating expenses totalled N416.8 million. (+54.6% YoY)
  • Total assets during the period stood at N10.51 billion.
  • Profit for the period stood at N533.3 million. (+372.3% YoY)
  • Earnings per share of 10.7 kobo Vs 5 kobo YoY.

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2021 9M Results: United Capital Plc grows profit after tax by 72% to N5.97 billion.

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United Capital Plc release its unaudited financial statements for the nine months period ended 30th of September, 2021.

  • Gross earnings for the period totalled N11.33 billion. (+60.3% YoY)
  • Fee and commission income of N4.77 billion. (+112.1% YoY)
  • Net operating income was N11.08 billion. (+63.9% YoY)
  • Total expenses were N4.24 billion. (+43.8% YoY)
  • Total assets for the period stood at N400.75 billion.
  • Profit for the period was N5.97 billion. (+72.2% YoY)
  • Earnings per share of 133 kobo Vs 77 kobo YoY.
  • Total shareholders’ fund for the period stood at N26.9 billion.
  • Cost to Income Ratio of 37.4% Vs 41.67% YoY

Commenting on the results, the Group CEO of United Capital Plc, Mr Peter Ashade said: ”I am pleased to inform our stakeholders that United Capital ended the third quarter of the year with another outstanding performance. We delivered an increased revenue of 60% year-on-year, PBT growth of 72% year-on-year to N7.09b and total asset growth of 80% year-to-date.

”During the period under review, United Capital successfully listed three series commercial papers worth N19.72 billion on the FMDQ Securities Exchange. The CPs were issued under the company’s N50 billion commercial paper issuance program. This has further positioned us as a company to provide a wider range of wholesale financing solutions to our clients and complement funding base and support for all our businesses.

”Another remarkable point to note was the Nigerian Stock Exchange’s reclassification of United Capital shares from Low Price Stock Group to Medium Price Stock Group in August 2021 driven by steady growth in the company’s share price over the past months due to our consistent impressive performance over the years.

”I want to assure our stakeholders that we are optimistic on sustaining this exciting performance in the last quarter of the year and beyond. We remain focused on our transformation agenda and to continue to provide best-in-class solutions to all client segments. We are also committed to deliver superior returns as we seek to always delight our shareholders.”

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