Tag: Company Financial Results

NPF Microfinance Bank reports a profit after tax of N614.42 million in FY 2020.

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

  • Gross Earnings for the year was N4.66 billion. (+4.7% YoY)
  • Net interest income of N3.7 billion. (+27% YoY)
  • Personnel expenses totalled N1.99 billion. (+9.2% YoY)
  • Profit for the year was N614.42 million. (-22.9% YoY)
  • Earnings per share of 27 kobo vs 35 kobo YoY.
  • A dividend of 20kobo was proposed by the Board.

See link to results.

Unilever Nigeria Plc reports a loss of N492 million in Q1 2021.

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

  • Revenue for the period was N19.43 billion. (+45.7% YoY)
  • Cost of sales was N14.95 billion. (+51% YoY)
  • Marketing and administrative expenses totalled N3.8 billion. (+63.3% YoY)
  • Loss for the period was N492 million. (-144.1% YoY)
  • Loss per share of 9 kobo. (-135% YoY)

 

See link to results.

2020 FY Results: Sovereign Trust Insurance Plc records a 37% increase in profit after tax.

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Sovereign Trust Insurance Plc released its audited full-year results for the period ended 31st December, 2020.

  • Net premium income for the year was N6.54 billion (+10%YoY)
  • Net claims expenses totalled N3.49 billion. (+58% YoY)
  • Underwriting profit of N1.99 billion. (-4% YoY)
  • Profit after tax was N687.7 million. (+37% YoY)
  • Earnings per share of 8kobo vs 6kobo YoY.
  • No dividend was announced

See link to results.

CSCS Plc posts profit after tax of N6.93 billion in FY 2020

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Central Securities Clearing System Plc (CSCS) has released its full-year results for the period ended 31st December, 2020.

  • Total operating income for the year was N12.09 billion. (+31.3% YoY)
  • Investment Income of N7.44 billion. (+61.4% YoY).
  • Operating Expenses totalled N4.72 billion. (+46.0% YoY).
  • Profit after tax was N6.93 billion. (+41.4% YoY).
  • Earnings per share of 139 Kobo Vs 98 Kobo YoY.
  • No dividend was announced.

See link to results

Infinity Trust Mortgage Bank Plc records a 60% increase in profit after tax in Q1 2021.

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

  • Turnover for the period was N382.97 million. (+21.1% YoY)
  • Net fee and commission income of N25.8 million. (+19.1% YoY)
  • Total operating income of N338.1 million. (+28.4% YoY)
  • Total operating expenses of N178.93 million. (+8.31% YoY)
  • Profit after tax was N145.27 million. (+60% YoY)
  • Earnings per share of 13 kobo vs 8 kobo YoY.

See link to results.

Tantalizers Plc reports a loss after tax of N422.05 million in FY 2020. 

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Tantalizer Plc has announced its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N924.13 million. (-27% YoY)
  • Cost of sales was N529.98 million. (-27.4% YoY)
  • Administrative expenses totaled N917.52 million. (-2.5% YoY)
  • An operating loss of N341.6 million was incurred.
  • Loss after tax of N422.05 million.
  • Loss per share of 13 kobo.

See link to results.

GT Bank Plc holds FY 2020 investors presentation.

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Guaranty Trust Bank Plc held its FY 2020 results presentation to investors and analysts. Below are the facts to the figures;

  • The bank recorded a customer base of over 21.9 million as at the end of FY 2020.
  • A total of 24,115 active POS terminals, 1,366 ATMs, 575 million unique transactions, and 5.43 million active cards were recorded during the period under review.
  • Operating expenses totalled N131 billion (+12.6% YoY). The increase was largely driven by surge in regulatory charges, administrative charges and depreciation expenses, among others.
  • A breakdown of its gross loans by industry showed that Upstream Oil and Gas, Manufacturing and Midstream oil and gas emerged in the top three with an allocation of 29%, 19% and 14% respectively. On the other hand, Education, Agriculture and Downstream Oil and Gas appeared in the bottom three with an allocation of 1% to the aforementioned sectors.
  • The bank maintained a strong liquidity position with a ratio of 38.9% as at FY 2020. A figure well above the regulatory minimum of 30%.
  • Cost to Income ratio of 36.11% Vs 38.2% YoY.
  • In terms of diversity, out of its 6,637 employees, 54.6% are male while 45.4% are female.

For more information about the investors’ presentation, click HERE.

Berger Paints Nigeria Plc reports a 67% decline in Profits in FY 2020.

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Berger Paints Nigeria Plc released its full-year results for the year ended 31st December, 2020.

  • Revenue for the year was N3.84 billion. (+7% YoY)
  • Administrative expenses of 01 billion (+7% YoY)
  • Profit for the year was N146.02 million (-67% YoY)
  • Earnings per share of N0.50 vs N1.55 YoY.
  • Gross margin was 37% (+945bps)
  • No dividend announcement was made

See link to results.

Nigerian Breweries announces option for shareholders to receive final dividend as new shares instead of cash.

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The Nigerian Breweries Plc has proposed a ‘’Scrip Dividend Election Scheme’’, that gives qualified shareholders the opportunity to choose to receive their final dividends in the form of new ordinary shares in the company instead of cash.

This is according to a notification sent by the company to the Nigerian Stock Exchange platform, as seen by Nairametrics.

Outlining the benefits of the scheme, the notice remarked that qualified shareholders who opted to receive new ordinary shares would thus be able to increase the number of shares they hold in the company without incurring capital market transaction costs. In addition, the scheme has the potential of helping the company to retain cash (for working capital purposes) that it would have paid out in dividends.

It is pertinent to note that ‘Qualified Shareholders’ in this context are those, whose names appear in the company’s register of members as at close of business on the 10th of March, 2021.

What you should know:

  • Recall that Nigeria Breweries Plc had earlier announced a profit of N7.53 billion in FY 2020. Sequel to this, a final dividend of 69 kobo per share was proposed by the Board.
  • Qualified shareholders who wish to opt for the scheme are expected to complete an Election form (available HERE) and return same to First Registrars and Investors Service Limited on or before the 12th of April, 2021.
  • It is pertinent to note that the number of new ordinary shares to be received by qualifying shareholders who elect for new shares, will depend on their respective cash dividend entitlements (less withholding tax) and the reference share price.