Tag: Company Financial Results

Meyer Plc grows profit by 109% to N9.5 million in 9M 2021.

Chidi Emenike Leave a comment

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

  • Revenue for the period was N759.2 million. (+34% YoY)
  • Cost of sales was N504.7 million (+40% YoY)
  • Administrative expenses totalled N323.4 million. (-8% YoY)
  • Total assets for the period stood at N2.05 billion
  • Profit for the period was N9.47 million. (+109% YoY)
  • Earnings per share of 2 kobo. (+110% YoY)

See link to results.

Secure Electronic Technology Plc grows profit after tax by 143% to N6.23 million in Q3 2021.

Chidi Emenike Leave a comment

Secure Electronic Technology Plc released its unaudited financial statements for the third quarter ended 30th of September, 2021.

  • Gross sales for the period was N1.03 billion (-4.1% YoY)
  • Net income of N62.8 million. (+65.7% YoY)
  • Administrative expenses totalled N56.32 million. (+8.4% YoY)
  • An operating profit of N6.44 million was recorded during the period.
  • Total assets for the period stood at N3.5 billion
  • Profit after tax of N6.23 million. (+143.3% YoY)

See link to results.

Royal Exchange grows profit by 10% to N22.76 million in Q1 2021.

Chidi Emenike Leave a comment

Royal Exchange Plc released its unaudited consolidated financial statements for the quarter ended 31 March, 2021.

  • Net premium income during the period was N2.6 billion. (+22% YoY)
  • Fees and commission income of N120.4 million. (+14% YoY)
  • Underwriting profit of N822.41 million. (+69% YoY)
  • Total expenses of N850.24 million. (+62% YoY)
  • Total assets stood at N27.63 billion during the period under review.
  • Profit after tax was N22.76 million (+10% YoY)
  • Total shareholders fund was N3.29 billion. (-10% YoY)
  • Loss per share of -N2 Vs. -N3 YoY

See link to results.

African Alliance Insurance Plc reports profit after tax of N5.05 billion in H1 2021.

Chidi Emenike Leave a comment

African Alliance Insurance Plc released its unaudited financial results for the period ended 30th of June, 2021.

  • Net premium income for the period was N3.22 billion. (+38.5% YoY)
  • Fees and commission income of N116.91 million. (+100% YoY)
  • Net underwriting profit of N11.07 billion. (+778% YoY)
  • Total assets during the period stood at N46.7 billion.
  • Profit after tax for the period was N5.05 billion.

See link to results.

African Alliance Insurance Plc reports a loss of N3.53billion in Q1 2021.

Chidi Emenike Leave a comment

African Alliance Insurance Plc released its unaudited financial results for the period ended 31st of March, 2021.

  • Net premium income for the period was N1.95 billion. (+12.9% YoY)
  • Fees and commission income of N22.05 million. (+100% YoY)
  • Net underwriting loss of N153.4 million.
  • Total assets during the period stood at N52.14 billion.
  • Loss for the period was N3.53 billion.

See link to results.

Royal Exchange reports a loss after tax of N77.12 million in FY 2020.

Chidi Emenike Leave a comment

Royal Exchange Plc released its audited full-year results for the year ended December 31, 2020.

  • Net premium income for the period was N8.19 billion. (-6% YoY)
  • Fees and commission income of N663.21 million. (+38.3% YoY)
  • Net claims expenses of N2.7 billion. (-16% YoY)
  • Underwriting profit was N1.12 billion. (+22.2% YoY)
  • Operating expenses totalled N2.3 billion. (-3.6% YoY)
  • Loss after tax was N77.12 million.
  • No dividend was declared during the period.

See link to results.

2021 H1 Results: Juli Plc reports half year loss of N15.7million.

Chidi Emenike Leave a comment

Juli Plc released its financial results for the half year period ended 3oth of June, 2021.

  • Turnover for the period was N190.8 million. (+50.5% YoY)
  • Cost of sales was N137.8 million. (+51.6% YoY)
  • Administrative expenses totalled N68.6 million. (+23.7% YoY)
  • Total assets at the period stood at N239.32 million.
  • A loss of N15.7 million was incurred during the period.

See link to results

Juli Plc reports a loss of N0.78m in Q1 2021.

Chidi Emenike Leave a comment

Juli Plc released its financial results for the first quarter (Q1, 2021) ended 31st of March, 2021.

  • Turnover for the period was N101.6 million. (+11.1% YoY)
  • Cost of sales was N72.64 million. (+7.9% YoY)
  • Administrative expenses totalled N29.75 million. (-24.4% YoY)
  • Total assets at the period stood at N229.2 million.
  • A loss of N0.78 million was incurred during the period.

See link to results

Japaul Gold and Ventures Plc reports a loss after tax of N257.5 million in HY 2021

Chidi Emenike Leave a comment

Japaul Gold and Ventures Plc released its financial results for the half year period ended 30th of June, 2021.

  • Turnover for the period was N313.6 million. (-4.1% YoY)
  • Cost of sales was N221.9 million. (+27.9% YoY)
  • Administrative costs totalled N408.4 million. (-11% YoY)
  • An operating loss of N256.8 million was incurred during the period.
  • Loss for the year from continued operations was N257.5 million.
  • Net assets during the period stood at N2.56 billion.

See link to results.

 

Juli Plc reports a loss after tax of N23.51 million in FY 2020.

Chidi Emenike Leave a comment

Juli Plc released its audited full year results for the year ended December 31, 2020.

  • Revenue for the period was N247.45 million. (-29.2% YoY)
  • Cost of sales was N185.35 million. (-20.7% YoY)
  • Administrative expenses totalled N75.91 million. (-35.7% YoY)
  • An operating loss of N11.64 million was incurred.
  • Total assets at the period stood at N256.5 million
  • Loss for the year was N23.51 million.
  • Loss per share of -0.12 kobo Vs -0.01 kobo YoY

See link to results.