Nigeria Business & Finance Updates

Guinness, Fbn, Presco others Dec 2019 Financial Result

GUINNESS NIGERIA PLC
INTERIM REPORT FOR SECOND QUARTER  ENDED DECEMBER 31, 2019
 FY 2020FY 2019 
 N’mN’m 
    
Revenue                     68,327.36                 67,796.22 1%
Cost of sales                   (48,475.70)                (47,301.89)  
Profit before tax                        1,934.40                   3,792.95 -49%
Income tax                        (619.01)                 (1,213.74) 
Profit after tax                        1,315.39                   2,579.20 -49%

FBN HOLDINGS PLC
UNAUDITED REPORT FOR THE YEAR ENDED DECEMBER 31, 2019
 20192018 
 N’mN’m 
    
Gross earnings614,545590,9484%
Profit before tax 73,61465,28813%
Income tax          (11,520.00)            (5,544.00) 
Profit from continuing operations 62,09459,7444%
Loss from discontinued operations               (147.00)                 (77.00) 
Profit for the period61,94759,6674%

NPF MICROFINANCE BANK PLC
UNAUDITED REPORT FOR THE YEAR ENDED DECEMBER 31, 2019
 20192018 
 N’mN’m 
    
Gross earnings4,518.293,950.3814%
Profit before tax 1,053.21287.16267%
Income tax               (284.37)                 (91.41) 
Profit after tax 768.84195.75293%

PRESCO PLC
UNAUDITED REPORT FOR THE YEAR ENDED DECEMBER 31, 2019
 20192018 
 N’mN’m 
    
Revenue            19,882.16               21,344.73 -7%
Cost of Sales            (5,391.06)              (4,753.28) 
Profit before tax              5,519.35                 6,321.01 -13%
Tax            (1,584.61)              (2,036.82) 
Profit after tax              3,934.74                 4,284.19 -8%

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