Nigeria Business & Finance Updates

Wapic Insurance, Honeywell Flour Mills … financial result

OKOMU OIL PLC
UNAUDITED REPORT FOR THE FULL YEAR ENDED DECEMBER 31, 2019
 20192018 
 N’mN’m 
    
Revenue        19,601.46         20,257.67 -3%
Cost of sales        (5,886.11)        (5,359.06) 
Profit before tax           7,978.49         10,337.17 -23%
Income tax        (2,473.55)        (1,835.32) 
Profit after tax           5,504.94           8,501.85 -35%

WAPIC INSURANCE PLC
UNAUDITED REPORT FOR THE FULL YEAR ENDED DECEMBER 31, 2019
 20192018 
 N’mN’m 
    
Gross premium income              15,860.68               12,217.60 30%
Profit before tax                   454.88                    187.23 143%
Income tax                    (37.33)                   163.96  
Profit after tax                   417.55                    351.19 19%
Other comprehensive income                   446.68               (1,153.89) 
Total comprehensive income                   864.23                  (802.70)208%

HONEYWELL FLOUR MILLS PLC
INTERIM REPORT FOR THE THIRD QUARTER ENDED DECEMBER 31, 2019
 20192018 
 N’mN’m 
    
Revenue58,23055,0766%
Cost of Sales                   (47,988)              (45,641) 
Profit before tax                         (878)                    173 -608%
Income tax                          (47)                     (30) 
Profit after tax                        (925)                    143 -747%

STERLING BANK PLC
UNAUDITED REPORT FOR THE FULL YEAR ENDED DECEMBER 31, 2019
 20192018 
 N’mN’m 
    
Gross earnings146,612148,708-1%
Profit before tax 10,9139,48915%
Income tax                        (105)                      (271) 
Profit after tax 10,808                    9,218 17%
Other comprehensive income10,293                   (2,703) 
Total comprehensive income21,1016,515224%

AFRICA PRUDENTIAL REGISTRARS PLC
UNAUDITED REPORT FOR THE FULL YEAR ENDED DECEMBER 31, 2019
 20192018 
 N’mN’m 
    
Gross earnings              3,902.10               4,485.57 -13%
Profit before tax               2,535.04               2,394.74 6%
Income tax               (451.53)               (441.84) 
Profit after tax              2,083.51               1,952.90 7%

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