Connect with us
Paramount
Advertisement
Ican
Advertisement
IZIKJON
Advertisement
forex
Advertisement
Stanbic IBTC
Advertisement
Polaris bank
Advertisement
Binance
Advertisement
Esetech
Advertisement
Patricia
Advertisement
Fidelity ads
Advertisement
app

Company Results

Airtel Africa Plc records 3.8% decline in 2020 9M pre-tax profit

Airtel Africa Plc recorded a marginal decline in its 2020 9M pre-tax profit, as total revenue increased.

Published

on

Regulation forces Airtel Africa to initiate shares listing in Malawi , Airtel Africa’s profit up 12.9%, customer base reaches 111.5 million in Q2

Airtel Africa Plc, an Anglo-Indian provider of telecommunications and mobile money Services Company, reported a pre-tax profit of $482 million in the 9-month period of 2020 compared to $501 million recorded in the corresponding period of 2019 – a 3.8% decline.

READ: Unilever Nigeria declares loss of N1.59 billion in 2020

Key highlights for 2020 9M

  • Revenue increased to $2.85 billion, +13.01% YoY.
  • Revenue from voice increased to $1.54 billion, +5.35% YoY.
  • Revenue from data increased to $842 million, +24.37% YoY.
  • Revenue from mobile money increased to $291 million, +27.63% YoY.
  • Other revenue increased to $255 million, +13.84% YoY.
  • Expenses increased to $1.56 million, +10.15%YoY.
  • Finance costs increased to $318 million, +41.33% YoY.
  • Pre-tax profits declined to $482 million, -3.79% YoY.
  • Earnings Per Share declined to 5.5 cents, -36.05% YoY.

READ: Sterling Bank Plc records 3.28% decline in 2020 9M gross earnings

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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

on

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

Continue Reading

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

on

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

Continue Reading
Advertisement




Advertisement

Nairametrics | Company Earnings