April 13, 2021/United Capital Report Earlier, FBN Holding Plc (“FBNH” or “The Bank”) released its FY-2020 results, showing a 1.9% y/y decline in Gross Earnings (GE) to N590.4bn. Hesitant top line growth was driven by weaker Interest income which fell 10.9% y/y to N384.8bn amid lower asset yields. Interestingly, PBT […]
Results & Dividends
Dangote Sugar Plc FY-2020 Audited Financial Result: Still on the path of sustained growth
April 12, 2021/United Capital Report Dangote Sugar Plc (DANGSUGAR) released its financial result for FY-2020. According to the report, Revenue grew by 33.0% y/y to N214.3bn in FY-2020 from N161.1bn in FY-2019. Cost of Sales grew, albeit slower than the growth in Revenue, up 30.7% y/y to N160.6bn in FY-2020. […]
Seplat Petroleum Company FY-2020 Audited Financial Result: Brighter days ahead
April 12, 2021/United Capital Report Earlier, Major indigenous upstream player Petroleum Development Company (‘SEPLAT’ or ‘The Company’) released its FY-2020 financials, recording a basic loss per share from continuing operations of -$0.13 in FY-2020 vs $0.19 in FY-2019. Recall that demand and supply shocks in the energy market, triggered by […]
