Tag: forecasts

Total Nigeria Plc projects profit after tax of N2.34 billion in Q3 2021.

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Total Nigeria Plc released its earnings forecasts for the third quarter of the year (Q3, 2021).

  • Revenue was projected at N66.03 billion.
  • Cost of sales was projected at N54.7 billion.
  • Administrative expenses was projected N7.0 billion.
  • Operating profit was projected at N4.03 billion.
  • Net finance costs projection of N570 million.
  • Tax was projected N1.12 billion.
  • Profit was projected at N2.34 billion.

See link to forecasts.

Living Trust Mortgage Bank projects profit after tax of N109.21 million in Q3 2021.

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Living Trust Mortgage Bank Plc released its earnings forecasts for the third quarter of the year (Q3, 2021).

  • Gross earnings was projected at N626.65 million
  • Net interest income was projected at N353.4 million
  • Net operating income was projected at N339.4 million
  • Operating expenses projection of N210.91 million
  • Tax was projected at N19.3 million.
  • Profit after tax was projected at N109.21 million

See link to forecasts.

Sovereign Trust Insurance Plc projects profit before tax of N1.27 billion in Q4 2021.

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Sovereign Trust Insurance Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).

  • Gross premium written was projected at N12.6 billion.
  • Net claims incurred was projected at N2.75 billion
  • Total underwriting expenses projection of N2.03 billion.
  • Underwriting profit was projected at N2.69 billion
  • Management expenses was projected at N2 billion
  • Profit before tax was projected at N1.27 billion.

See link to forecasts.

Prestige Assurance Plc projects profit after tax of N1 billion in Q3 2021.

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Prestige Assurance Plc released its earnings forecasts for the third quarter of the year (Q3, 2021).

  • Turnover was projected at N7.5 billion
  • Profit before tax was projected at N1.25 billion
  • Tax was projected at N250 million.
  • Profit after tax was projected at N1 billion.

The forecasts were made based on numerous assumptions, among which are;

  • There will be no serious Government restrictions of trade that will affect the insurance business.
  • The company will not suffer any major catastrophe which will necessitate reduction of investment portfolio for claims payment.
  • There will not be any considerable reduction in the level of interest rate.
  • The capital Market activities will improve significantly from the bearish position to the bullish.
  • The country political climate shall be stable for carrying out business activities across the nation.

For more information about the disclosure, click HERE.