NCR (Nigeria) Plc, a technology company that provides integrated technology solutions and after-sales support to businesses, reported a 16.16 percent decline in profit after tax to N17.436 million in the first half (H1) of 2021, down from N20.797 million recorded in the first half of 2020 when COVID-19 was at its peak.
In the unaudited financial statement released on Tuesday, NCR (Nigeria) revenue from contracts with customers dipped by 51.77 percent from N2.927 billion filed in the corresponding period of 2020 to N1.412 billion in the period under review.
The decrease recorded in cost of sales due to the drop in revenue help bolstered gross profit by 47.97 percent to N311.152 million, up from N210.286 million recorded in the same period of 2020.
As expected, distribution expenses declined by 44.06 percent from N138.042 million in H1 2020 to N77.220 million in H1 2021. However, administrative expenses rose by 8.28 percent to N54.405 million in the period under review, up from N50.246 million filed in the corresponding period of 2020.
Profit before tax moderated by 16.16 percent from N20.797 million in H1 2020 to N17.436 in H1 2021.
Because NCR (Nigeria) did not pay income tax during the period under review, the same amount was recorded as profit after tax.
The company’s total assets decline to N5.907 billion in H1 2021, down from N6.391 billion in H1 2020.
Total equity of the NCR (Nigeria) remains negative at N826.721 million while total equities and liabilities stood at N5.907 billion.
Earnings per share drop from N0.19 in H1 2020 to N0.16 in H1 2021.
MTN, Afriprud, UPDC, Others Top Losers as Investors Lose N410 Billion
Nigerian stock market depreciated further on Wednesday as 23 stocks closed in the red, against 15 stocks that posted profits. The Nigerian Exchange Limited (NGX) sheds N410 billion in value.
Trading activity was mixed as investors exchanged 335,480,224 shares worth N3.552 billion in 3,891 deals during the trading hours of Wednesday, in contrast to 224,910,096 shares valued at N3.708 billion that were traded in 4,331 transactions on Tuesday.
All-Share Index depreciated by 1.81 percent to 42,463.16 index points after shedding 0.05 percent on Tuesday. Market value declined by N410 billion from N22.567 trillion it closed on Tuesday to N22.157 trillion on Wednesday.
Sectorial analysis showed the Banking Index lost 115bps on ACCESS (-5.29%), ETI (-1.80%) and STERLNBANK (-1.35%). Gainers were JAIZBANK (+1.49%), WEMABANK (+1.27%) and ZENITHBANK (+0.21%).
The NGX Consumer Goods Index lost 14bps on HONYFLOUR (-5.32%), INTBREW (-2.08%), FLOURMILL (-0.85%) and NASCON (-0.35%). NB (+0.65%) was a gainer in that space today. The NGX Oil and Gas Index lost 12bps on OANDO (-0.63%). The NGX Industrial index inched up 4bps on WAPCO (+0.60%). See other details below.
Year-to-date return moderated to 5.44 percent.
|CORNERST||N 0.52||N 0.56||0.04||7.69 %|
|MANSARD||N 2.12||N 2.28||0.16||7.55 %|
|CHAMS||N 0.20||N 0.21||0.01||5.00 %|
|NGXGROUP||N 16.40||N 17.00||0.60||3.66 %|
|FTNCOCOA||N 0.39||N 0.40||0.01||2.56 %|
|MTNN||N 190.00||N 171.00||-19.00||-10.00 %|
|AFRIPRUD||N 6.50||N 6.00||-0.50||-7.69 %|
|UPDC||N 1.07||N 0.99||-0.08||-7.48 %|
|ROYALEX||N 0.54||N 0.51||-0.03||-5.56 %|
|HONYFLOUR||N 3.95||N 3.74||-0.21||-5.32 %|
AIICO, Access, WAPIC, Others Gain Even as More Stocks Closed in Red
More stocks closed in the red despite AIICO, Access Bank and others closing in the green on Tuesday. The sell-off in the banking stocks ahead of the December holidays further dragged on the Nigerian Exchange Limited on Tuesday.
Investors exchanged 224,910,096 shares worth N3.708 billion in 4,331 transactions during the trading hours of Tuesday, against 213,126,324 shares valued at N2.359 billion that were traded in 4,105 transactions on Monday.
Market value of listed equities dipped to N22.567 trillion on Tuesday, while All-Share Index sheds 0.05 percent to 43,248.05 index points.
A total of 12 stocks closed in the green against 24 that closed in the red. The Exchange Year-to-date return drop slightly further to 7.39 percent.
Sectorial analysis showed the NGX Banking Index gained 26bps on ACCESS (+4.40%), ETI (+3.73%) and UBA (+0.63%). Losers included UBN (-6.19%), WEMABANK (-1.25%) and ZENITHBANK (-1.03%).
The NGX Consumer Goods Index lost 21bps on HONYFLOUR (-1.25%), DANGSUGAR (-1.22%), PZ (-0.83%), and GUINNESS (-0.82%). NASCON (+0.35%) was a gainer in that space today.
The NGX Oil and Gas Index lost 40bps on OANDO (-2.04%). The NGX Industrial index shed 4bps on WAPCO (-0.60%). See other details below.
Top Five Gainers
|AIICO||N 0.76||N 0.83||0.07||9.21 %|
|ACCESS||N 9.10||N 9.50||0.40||4.40 %|
|WAPIC||N 0.48||N 0.50||0.02||4.17 %|
|ETI||N 8.05||N 8.35||0.30||3.73 %|
|FCMB||N 3.00||N 3.10||0.10||3.33 %|
Top Five Losers
|UPDCREIT||N 4.55||N 4.10||-0.45||-9.89 %|
|IKEJAHOTEL||N 1.35||N 1.22||-0.13||-9.63 %|
|UPDC||N 1.18||N 1.07||-0.11||-9.32 %|
|CHAMS||N 0.22||N 0.20||-0.02||-9.09 %|
|UBN||N 4.85||N 4.55||-0.30||-6.19 %|
Top Five Trades
NGX Opens the Week in Red
The Nigerian Exchange Limited (NGX) All-Share Index open the new week in the red as 21 stocks lost points against 14 stocks that gained.
Investors exchanged 213,126,324 shares worth N2.359 billion in 4,105 transactions during the trading hours of Monday. NGX All-Share index depreciated by 0.09 percent to 43,270.94 index points while the market value of all listed equities dipped to N22.5 trillion.
Sectorial performance showed, the NGX Banking Index lost 18bps on FIDELITYBK (-1.57%), UBA (-1.23%) and ZENITHBANK (-0.62%). Gainers were UNITYBNK (+1.92%), ACCESS (+1.11%) and UBN (+1.04%).
The NGX Consumer Goods Index closed down 23bps on INTBREW (-4.00%), PZ (-1.64%), and FLOURMILL (-0.34%). Gainers were VITAFOAM (+1.86%) and HONYFLOUR (+1.01%).
The NGX Oil and Gas Index lost 56bps on OANDO (-2.78%) and the NGX Industrial index closed flat. See other details below.
|AIICO||N 0.70||N 0.76||0.06||8.57 %|
|LIVINGTRUST||N 0.88||N 0.95||0.07||7.95 %|
|VERITASKAP||N 0.21||N 0.22||0.01||4.76 %|
|ABCTRANS||N 0.33||N 0.34||0.01||3.03 %|
|COURTVILLE||N 0.39||N 0.40||0.01||2.56 %|
|UPDC||N 1.31||N 1.18||-0.13||-9.92 %|
|UPDCREIT||N 5.05||N 4.55||-0.50||-9.90 %|
|CHIPLC||N 0.55||N 0.51||-0.04||-7.27 %|
|REGALINS||N 0.42||N 0.40||-0.02||-4.76 %|
|WAPIC||N 0.50||N 0.48||-0.02||-4.00 %|
Mobile Money Transaction Values to Exceed $870 Billion in Emerging Markets by 2026, as the Payments-as a Platform Model Accelerates
Zenith Bank GMD, Onyeagwu Emerges “CEO of the Year” as Zenith Bank Wins ‘Most Responsible Organisation in Africa’ at SERAS CSR Africa Awards 2021
Cryptocurrency4 weeks ago
Cryptocurrency Ban: Banks Close Accounts Link to Cryptocurrency Traders in Nigeria
Cryptocurrency3 weeks ago
Shiba Inu Update: Bricks Buster and AMC To Support SHIB Army
Banking Sector2 weeks ago
GTBank Raises International Spending Limit to $200 Per Month
Finance4 weeks ago
Tony Elumelu Launches Gen-U Sahel Alongside Daughter, Oge Elumelu
News2 weeks ago
Npower News: October Payment to be Made After Correction of Lapses
Government3 weeks ago
Federal Government Raises Price of Electric Meters
Company News3 weeks ago
Xavier Rolet Resigns Amid Seplat Energy Debt Scandal
Billionaire Watch3 weeks ago
Aliko Dangote Net Worth Surged $1.1B In A Day