live feed

Livestock Feeds Plc records 362% increase in 2020 FY pre-tax profits

Livestock Feeds Plc recorded a major boost in its 2020 FY pre-tax profits, as total revenue also increased.

Published

3 months ago

January 27, 2021

Livestock Feeds: How this company survived over half a century producing animal feed

Livestock Feeds Plc recorded a major boost in its 2020 FY pre-tax profits, as total revenue also recorded a 12.3% increase.

Livestock Feeds Plc – a company that manufactures animal feeds, reported pre-tax profits of N520.77 million in 2020 FY compared to N112.63 million reported in 2019 – a 362.37% increase.

Key highlights for 2020 FY

Revenues increased to N11.18 billion, +12.30% YoY.
Revenues from Aba increased to N2.0 billion, +24.45% YoY.
Revenues from Ikeja increased to N5.78 billion, +11.98% YoY.
Revenues from Onitsha increased to N1.15 billion, +77.37% YoY.
Revenues from the North declined to N2.26 billion, -11.27% YoY.
Other operating income increased to N86.38 million, +283.66% YoY.
Cost of sales also increased to N9.92 billion, +8.67% YoY.
Selling and distribution expenses increased to N316.13 million, +9.84%YoY.
Finance costs increased to N140.09 million, +35.61% YoY.
Pre-tax profits increased to N520.77million, +362.37% YoY.
Earnings Per Share increased to 11.80k, +232.39% YoY.

Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Rak Unity Petroleum Company Plc reported revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Published

3 months ago

February 2, 2021

Adeyemi Adebayo

Focus: This small-cap oil company is seriously lagging behind

Rak Unity Petroleum Company Plc released its 2021 FY results reporting total revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Operating expenses during the year was N149.65 million in 2020 compared to N221.89 million in 2019. –32.56% YoY
The company reported a loss after tax of N63.02 million in 2020 compared to N14.52 million loss after tax in 2019.
It reported a loss per share of N1.11 in 2020 compared to N0.26 loss per share reported in 2019.
No dividend announcement was made in their press release.
The company share price of N0.30 unchanged YTD.

See link to results here

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Conoil Plc reported a revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Published

3 months ago

February 2, 2021

Adeyemi Adebayo

Conoil Plc released its 2021 FY results reporting revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Operating expenses during the year was N7.64 billion in 2020 compared to N9.68 billion in 2019. –20.9% YoY
The company reported a profit after tax of N1.52 billion in 2020 compared to N1.97 billion in 2019. –22.97% cut YoY.
It reported an earnings per share of 219 kobo in 2020 compared to 284 kobo earnings per share reported in 2019. –22.89% YoY.
No dividend announcement was made in their press release.
The company share price of N20.85, up +0.72% YTD.

See link to results here

Nairametrics

Livestock Feeds Plc records 362% increase in 2020 FY pre-tax profits

live feed

Livestock Feeds Plc records 362% increase in 2020 FY pre-tax profits

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Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Nairametrics | Company Earnings