BUA Cement, the second-largest cement manufacturing company in West Africa, led losers on Tuesday as the Nigerian Stock Exchange (NSE) sheds 1.83 percent, the first decline in 2021.
Investors exchanged 465.673 million shares valued at N5.118 billion in 7,573 transactions during the trading hours of Tuesday.
The market value of listed equities declined to N21.122 trillion while the NSE All-Share Index depreciated by 1.83 percent to 40,396.14 index points.
Investors traded transcorp shares the most at 69,158,614 shares worth N64,815,796.08. This was followed by Zenith Bank’s 31,707,817 shares worth N788,333,325.95. See the details below.
Top Traded Stocks
Cadbury Nigeria Profit Plunges by 84 Percent in 2020
Cadbury Nigeria Plc profit after tax plunged by 84 percent in the 2020 financial year to N172.665 million, down from N1.071 billion in 2019, according to the unaudited financial statements of the company.
The company revenue declined by 10 percent from N39.327 billion filed in 2019 to N35.407 billion in 2020.
Cost of sales improved by 4 percent from N31 billion in 2019 to N29.640 billion in 2020.
Cadbury’s results from operating activities declined by 91 percent from N1.354 billion in 2019 to N119.223 million in 2020.
Cadbury Nigeria Key Financial Highlights for 2020
- Profit before tax decreased by 84 percent from N1.539 billion achieved in 2019 to N246.665 million 2020.
- Profit for the year also contracted by 84 percent from N1.071 billion in 2019 to N172.665 million.
- Share capital remained unchanged at N939.101 million.
- Total equity declined by 5 percent to N12.877 billion in 2020 from N13.566 billion in 2019 year-on-year.
- Basic earnings per share also plunged by 84 percent from 57.01 to 9.19 per share.
DF Holdings Limited Buys 27.2 Million AIICO Shares Valued at N29.9 Million
DF Holdings Limited, a majority shareholder in AIICO Insurance Plc, purchased 27,174,309 shares of AIICO at N1.10 per share.
The company disclosed in a statement signed by Donald Kanu, Company Secretary, AIICO Insurance Plc.
DF Holdings Limited purchased the shares on December 9th, 2020 at the Nigerian Stock Exchange (NSE) trading floor.
The shares valued at N29.892 million. See the details below.
Emmanuel Nnorom and Family Members Aggressively Mop Up United Capital Shares
Top executives and relatives of United Capital Plc are scooping up the company’s shares aggressively, according to the last eight filings with the Nigerian Stock Exchange (NSE).
Peter Ashade/Artol Investment Company Limited, a related company, bought 1,054,295 units at N 5.29 per share on January 19, 2021. While Shedrack Onakpoma, the Group Chief Finance Officer, added 230,000 units to his existing stake at N 5.35 per share on the same day.
On January 22, 2021, Peter Oladele Ashade/ Artol Investment Company Limited, concluded another purchase of 1,330,613 units at N5.40 per share.
Florence Ihuoma Nnorom, the spouse of the director, Emmanuel Nnorom, bought 250,000 units at N4.52 per share on December 23, 2020.
Also, Miracle Chukwuemeka Nnorom, the son of Director, Emmanuel Nnorom, acquired 32,000 units at N5.42 per share on January 25, 2021.
Emmanuel Nnorom/Vine Foods Limited 2, director and a related company, purchased 1,000,000 units at N5.39 per share on January 25, 2021.
On January 26, 2021, Emmanuel Nnorom/Vine Foods Limited 2 added 500,000 at N5.53 per share to existing stake in the company. On the same day, Adeyemi Damilare Okunubi, operations officer, mopped 70 units at N5.45 per share.
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