Profit Archives — Page 4 of 6 — City Business News

April 2, 2021 No Responses

FBN Holdings Declares N89.7b Profit, N7.7tri Total Assets For 2020

By Moses Ebosele, ebosele@hotmail.com — For the financial year ended December 31, 2020, FBN Holdings Plc has announced a profit of N89.7 billion, indicating an increase of 21.8 per cent. In its 2020 audited result, FBN Holdings explained on Thursday that...

March 31, 2021 No Responses

Investors Lose N119b Amid Renewed Profit Taking

The Nigerian Stock Exchange (NSE) returned to negative territory on Tuesday with investors losing N119 billion on renewed profit taking. Consequently, the market capitalisation which opened at N20.663 trillion dipped N119 billion to close at N20.544 tril...

March 25, 2021 No Responses

Lafarge Africa Declares N30.84b Profit, N16.11b Total Dividend For 2020

Lafarge Africa Plc on Wednesday declared a total dividend of N16.11 billion for the 2020 financial year, amounting to N1 per share and would be payable to shareholders on the register of the cement group as at the close of...

March 2, 2021 No Responses

Dangote Sugar Refinery Declares N26.70b Profit For 2020

For the year ended December 31, 2020, Dangote Sugar Refinery Plc (DSR) recorded profit after tax of N26.70 billion. The company stated this in its audited result released on the floor of the Nigerian Stock Exchange on Monday. The profit...

February 23, 2021 No Responses

United Capital Declares N12.87b Revenue, N7.81b Profit For 2020

United Capital Plc on Monday announced gross earnings of N12.87 billion for the financial year ended Dec. 31, 2020. The gross earnings represented an increase of 50 per cent when compared with N8.59 billion achieved in the corresponding period of...

February 23, 2021 No Responses

Nigerian Breweries Sets Aside N5.5b For 2020 Dividend

For the financial year ended December 31, 2020, Nigerian Breweries Plc has declared a revenue of N337.01 billion, representing an increase of 4.3 per cent when compared to N323 billion recorded in the corresponding period of 2019. In a statement...

January 27, 2021 No Responses

Hyundai Declares $1.18b Profit In 2020 Q4

Hyundai Motor reported on Tuesday a 57% jump in fourth-quarter profit, slightly below analyst estimates, backed by demand for high-margin sports-utility vehicles and its premium Genesis cars.The company explained that it recorded a net profit of 1.3 trill...

November 22, 2020 No Responses

Unity Bank Reports N33.9b Gross Earnings In Nine Months

Unity Bank Plc has declared gross earnings of N33.90 billion for the nine months period ended September 30, 2020 as against N31.25 billion recorded in the same period in 2019. Mrs Tomi Somefun, the bank’s Managing Director and Chief Executiv...

November 4, 2020 No Responses

Fidelity Bank Declares N20.3b Profit In Q3

For the 2020 Third Quarter (Q3), Fidelity Bank Plc presented its results to the Nigerian Stock Exchange (NSE). Details of the results show improvements in key indices though Gross Earnings dropped marginally by 3.7% from N161.1bn in 2019 to N...

September 4, 2020 No Responses

Zenith Bank Declares N346b Gross Earnings, 30 Kobo Interim Dividend

Zenith Bank Plc on Thursday declared gross earnings of N346 billion for the half year ended June 30, 2020. This is contained in the bank’s audited results presented to the Nigerian Stock Exchange. The gross earnings represent an increase of...

September 3, 2020 No Responses

GTBank Declares 30k Interim Dividend

Guaranty Trust Bank Plc on Wednesday announced an interim dividend of 30k per share for the half year ended June 30, 2020. The bank stated this in its audited financial results released to the Nigerian Stock Exchange and London Stock...

August 8, 2020 No Responses

SUNU Assurances Reports N1.2bn Profit

For the 2019 financial year, SUNU Assurances Nigeria Plc has announced N1.2 billion profit, compared to N914 million attained in 2018. Speaking during the virtual 33rd Annual General Meeting of the compan...

July 1, 2020 No Responses

Conoil Records N139.8b Turnover, Declares N2 Dividend For 2019

For the financial year ended December 31, 2019, Conoil Plc recorded a turnover of N139.8 billion, representing an increase of 14.4 per cent when compared with N122.21 billion achieved in the corresponding period in 2018. In a statement on Tuesday,...

April 7, 2020 No Responses

FBN Holdings Declares N627b Gross Earnings, N73.67b Profit In 2019

By Moses Ebosele, ebosele@hotmail.com — For the year ended December 31, 2019, FBN Holdings Plc on Monday declared Gross earnings of ₦627.0 billion, up by 6.7 per cent when compared to ₦587.4 billion attained in 2018. Profit after t...