ETERNA PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 183% increase from N18.3bn to N52bn
Profit/(Loss) after Tax: 134% increase from N291.2m to N681.5m (3M 2017 EPS, 52 kobo; 3M 2016 EPS, 22 kobo)
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VITAFOAM PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 31% increase from N8bn to N10.6bn
Profit/(Loss) after Tax: 513% increase from (N49.6m) to N204.9m (3M 2017 EPS, 25 kobo; 3M 2016 EPS, 6 kobo)
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MRS OIL NIGERIA PLC – Board Changes
MRS Oil Nigeria Plc. has announced the appointment of Sir Sunday N. Nwosu, Mr. Matthew Akinlade, and Mr. Amobi Daniel Nwokafor as new Directors of the Company with effect from 27th April, 2017.
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SCOA NIGERIA PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 23% decrease from N1.3bn to N978.1m
Profit/(Loss) after Tax: 15% decrease from N2.9m to N2.5m (3M 2017 EPS, 0.385 kobo; 3M 2016 EPS, 0.453 kobo)
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THE INITIATES PLC – Financial Result for the 3 Months Ended 31st March, 2017
Turnover: 38% increase from N97.6m to N135m
Profit/(Loss) after Tax: 14% decrease from N29.1m to N25.2m (3M 2017 EPS, 3 kobo; 3M 2016 EPS, 3 kobo)
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UNITY BANK PLC – Financial Result for the 3 Months Ended 31st March, 2017
Gross Income: 8% decrease from N21.9bn to N20.2bn
Profit/(Loss) after Tax: 32% decrease from N972.3m to N657.7m (3M 2017 EPS, 5.63 kobo; 3M 2016 EPS, 8.32 kobo)
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CAPITAL HOTELS PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 5% increase from N1.2bn to N1.3bn
Profit/(Loss) after Tax: 58% decrease from N308.1m to N128.7m (3M 2017 EPS, 8.31 kobo; 3M 2016 EPS, 19.89 kobo)
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SOVEREIGN TRUST INSURANCE PLC – Financial Result for the 3 Months Ended 31st March, 2017
Gross Premium Written: 78% increase from N2.3bn to N4.1bn
Profit/(Loss) after Tax: 103% increase from N215.9m to N437.2m (3M 2017 EPS, 5.89 kobo; 3M 2016 EPS, 2.91 kobo)
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REGENCY ALLIANCE INSURANCE PLC – Financial Result for the 3 Months Ended 31st March, 2017
Gross Premium Written: 52% increase from N1.2bn to N1.8bn
Profit/(Loss) after Tax: 45% increase from N212.2m to N306.7m (3M 2017 EPS, 4.60 kobo; 3M 2016 EPS, 3.18 kobo)
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ABC TRANSPORT PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 14% increase from N1.6bn to N1.8bn
Profit/(Loss) after Tax: 262% increase from (N118.9m) to N192.9m (3M 2017 EPS, 12 kobo; 3M 2016 EPS, -4 kobo)
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CONSOLIDATED HALLMARK INSURANCE PLC – Financial Result for the 3 Months Ended 31st March, 2017
Gross Premium Written: 3% increase from N1.8bn to N1.9bn
Profit/(Loss) after Tax: 114% increase from N142m to N303.9m (3M 2017 EPS, 5.07 kobo; 3M 2016 EPS, 2.37 kobo)
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DANGOTE SUGAR REFINERY PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 83% increase from N32.6bn to N59.5bn
Profit/(Loss) after Tax: 43% increase from N3.3bn to N4.8bn (3M 2017 EPS, 40 kobo; 3M 2016 EPS, 30 kobo)
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PRESCO PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 125% increase from N3.2bn to N7.2bn
Profit/(Loss) after Tax: 179% increase from N1.4bn to N3.9bn (3M 2017 EPS, 390 kobo; 3M 2016 EPS, 140 kobo)
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NEIMETH INTERNATIONAL PHARMACEUTICALS PLC – Financial Result for the 6 Months Ended 31st March, 2017
Turnover: 24% decrease from N787.7m to N601.4m
Profit/(Loss) after Tax: 294% decrease from (N195.2m) to N100.5m (6M 2017 EPS, -12 kobo; 6M 2016 EPS, 6 kobo)
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AXA MANSARD INSURANCE PLC – Financial Result for the 3 Months Ended 31st March, 2017
Gross Written Premium: 46% increase from N8.8bn to N12.9bn
Profit/(Loss) after Tax: 5% increase from N700.1m to N737.9m (3M 2017 EPS, 6.57 kobo; 3M 2016 EPS, 6.02 kobo)
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CORNERSTONE INSURANCE PLC – Resignation of Chairman
Cornerstone Insurance Plc. has announced the resignation of the Chairman of its Board of Directors, Mr. Paul Kokoricha. Consequently, the Board of the Company approved the appointment of Mr. Segun Adebanaji as a Non-Executive Director and the new Chairman of the Board. Segun is an Executive Partner at African Capital Alliance.
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BERGER PAINTS NIGERIA PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 4% increase from N760.1m to N788.7m
Profit/(Loss) after Tax: 271% increase from N23.8m to N88.4m (3M 2017 EPS, 30 kobo; 3M 2016 EPS, 8 kobo)
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STANDARD ALLIANCE INSURANCE PLC – Approval to Operate as a Composite Insurance Company
Consequent to its merger with its life insurance subsidiary, Standard Alliance Insurance Plc. has received the approval of the National Insurance Commission (NAICOM) to operate as a Composite Insurance Company, and thus licenced to underwrite both life and non-life insurance risks.
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FIRST ALUMINIUM NIGERIA PLC – Financial Result for the 3 Months Ended 31st March, 2017
Turnover: 41% decrease from N2.4bn to N1.4bn
Profit/(Loss) after Tax: 16% increase from N31.6m to N36.6m (3M 2017 EPS, 1.7 kobo; 3M 2016 EPS, 1.5 kobo)
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OMOLUABI MORTGAGE BANK PLC – Financial Result for the 3 Months Ended 31st March, 2017
Turnover: 12% increase from N72m to N80.4m
Profit/(Loss) after Tax: 92% increase from N9.1m to N17.5m (3M 2017 EPS, 0.35 kobo; 3M 2016 EPS, 0.18 kobo)
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BOC GASES NIGERIA PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 28% increase from N470m to N601.2m
Profit/(Loss) after Tax: 75% increase from N32.3m to N56.7m (3M 2017 EPS, 14 kobo; 3M 2016 EPS, 8 kobo)
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NCR (NIGERIA) PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 66% increase from N1.2bn to N2bn
Profit/(Loss) after Tax: 89% decrease from N129.8m to N14.8m (3M 2017 EPS, 14 kobo; 3M 2016 EPS, 120 kobo)
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STUDIO PRESS NIGERIA PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 0.7% increase from N2.42bn to N2.43bn
Profit/(Loss) after Tax: 125% increase from N47.1m to N105.9m (3M 2017 EPS, 18 kobo; 3M 2016 EPS, 8 kobo)
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CWG PLC – Financial Result for the 3 Months Ended 31st March, 2017
Revenue: 16% decrease from N2.7bn to N2.3bn
Profit/(Loss) after Tax: 94% increase from N11.7m to N22.7m (3M 2017 EPS, 0.90 kobo; 3M 2016 EPS, 0.47 kobo)
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