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

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.

Secure Electronic Technology Plc announces sudden death of its Managing Director.

Secure Electronic Technology Plc has announced the sudden death of its Managing Director, Oloye Jonathan A.O. Olopade (OFR).

His death was confirmed in a press statement that was signed by the Vice Chairman of the Company, Dr Odunlami Kola-Daisi, made available on the website of the Nigerian Exchange Limited.

Until his death, Chief Olopade was a distinguished business leader and astute administrator, who was tireless and unreserved in his commitment towards promoting the affairs of the Company he co-founded and served right till the end.

According to some of his colleagues on the Board, the late Chief Olopade left an indelible impact in their lives and would be best remembered for his integrity, dedication and exceptional leadership qualities.

In a bid to fill the void left by the departing boss, the Board seized the opportunity to announce the appointment of Mr Olusoji Oyeyemi as the new Managing Director/Chief Executive Officer of the Company. He would superintend the day to day affairs of the company.

Mr Olusoji Oyeyemi is a certified information technology systems expert with over 25 years of cognate industry experience in technology, marketing and analytics. He has a track record of conceptualizing and implementing business, commercial and analytical solutions. In this light, he brings a wealth of knowledge and experience in IT systems development, management and strategy, with a firm understanding of the lottery and Gaming industry from both technical and operational perspectives.

Similarly, the Board also appointed Mrs Irene Attoe as the new company secretary, effective 1st of September, 2021. Her appointment is sequel to the resignation of the former secretary, Ms Immaculata Mbaso.

Irene would manage the company secretariat and oversee compliance advisory to the Board and Management.

 

 

Secure Electronic Technology Plc set to hold Annual General Meeting on 16th of September.

Secure Electronic Technology Plc has announced that it will be hosting its Annual General Meeting (AGM) in Lagos on the 16th of September, 2021.

According to a notice signed by the company’s secretary, Immaculata Mbaso and sent to the Nigerian Exchange Group Limited (NGX), the meeting will hold at The Events Warehouse, Ilupeju-Lagos on the aforementioned date and by 12:00pm prompt.

In light of this, the following issues will be discussed;

  • The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • Board appointments will also be considered and ratified.
  • To fix remuneration of managers and Directors in FY 2021.
  • To elect shareholders’ representatives of the statutory audit committee.

In compliance with COVID-19 related directives and guidelines, attendance at the AGM shall be by proxy only. In light of this, the company named five individuals as proxies from which shareholders could elect from.

For more details about the AGM, click HERE.

Secure Electronic Technology Plc reports loss after tax of N23.95 million in H1 2021.

Secure Electronic Technology Plc released its unaudited financial results for the half year ended 30th of June, 2021.

  • Gross sales for the period was N2.05 billion (+0.4% YoY)
  • Net income for the period was N89.3 million.(-6.9% YoY)
  • Administrative expenses totalled N112.8 million. (+15.5% YoY)
  • Loss after tax was N23.95 million.
  • Loss per share of -0.43kobo Vs -0.05kobo YoY.

See link to results.

Secure Electronic Technology Plc records a 121% surge in Profit after tax in Q1 2021.

Secure Electronic Technology Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net income for the period was N58.35 million. (+29.1% YoY).
  • Administrative expenses totalled N56.55 million. (+8.8% YoY)
  • Operating profit was N1.8million. (+126.6% YoY)
  • Profit after tax was N1.57 million. (+121.4% YoY)
  • Earnings per share of 3 kobo. (+123.1% YoY)

See link to results.