Tag: May and Baker Nigeria Plc

May & Baker Nigeria Plc announces board meeting, closed period ahead of Q3 2021 results.

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May & Baker Nigeria Plc has announced that its board of directors will meet on 27th of October, 2021 to consider and approve the unaudited financial results of the company for the third quarter of the year (Q3) ended September 30, 2021.

Consequently, the firm also announced that it has commenced a closed period in the trading of its shares from October 1, 2021. The closed period will persist until 24 hours after the firm’s unaudited financial statements have been filed with the Nigerian Exchange Group Limited (NGX) and made public.

This is according to a disclosure signed by the Company’s secretary, Mrs. Adetoun Abiru and sent to the Nigerian Exchange Limited (NGX).

It is pertinent to note that the closed period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). During this period, individuals with sensitive information about stock performance such as; Directors, managers, employees, consultants and their connected persons, are prohibited from trading in the shares of the bank either directly or indirectly.

For more information about the board meeting, click HERE.

 

May & Baker Nigeria Plc grows half-year profit by 27% to N555.3million.

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May & Baker Plc released its unaudited financial statements for the period ended 30th of June, 2021.

  • Revenue for the period was N5.5 billion. (+35.7% YoY)
  • Cost of sales was N3.11 billion. (+25.5% YoY)
  • Operating profit was N936.8 million. (+36.2% YoY)
  • Administrative expenses totalled N542.05 million. (+104% YoY)
  • Profit for the period was N555.3 million. (+26.5% YoY)
  • Earnings per share from continuing operations was 32 kobo Vs 25 kobo YoY
  • Total assets for the period was N14.14 billion

See link to results.

May and Baker Nigeria Plc grows profit by 478% to N247.4 million in Q1 2021.

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

  • Revenue for the period was N2.7 billion. (+47.8% YoY)
  • Cost of sales was N1.56 billion. (+11.8% YoY)
  • Administrative expenses totalled N211.2 million. (+178.3% YoY)
  • Operating profit of N418.98 million. (+482.2% YoY)
  • Profit for the year was N247.4 million. (+478% YoY)
  • Earnings per share of 14 kobo Vs 2 kobo YoY.

See link to results.

May and Baker Nigeria Plc posts profit of N964.6 million in FY 2020.

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May and Baker Nigeria Plc released its full-year audited results for the year ended 31st December 2020.

  • Revenue for the year was N9.39 billion. (+16.2% YoY)
  • Cost of sales was N5.61 billion. (+8.4% YoY)
  • Administrative expenses totaled N967.92 million. (+23.4% YoY)
  • Operating profit was N1.41 billion. (+39.5% YoY)
  • Profit from continuing operations was N964.6 million. (+34.7% YoY)
  • Earnings per share from continuing operations was 55.91 kobo Vs 41.51 kobo

See link to results.