Dear Investor,
Please find below the Unaudited Q2’16 Results for CUSTODIAN AND ALLIED PLC, CONSOLIDATED HALLMARK INSURANCE PLC, DIAMOND BANK PLC, FORTE OIL PLC (FO), MRS OIL NIGERIA PLC and MOBIL OIL NIGERIA PLC.
CUSTODIAN AND ALLIED PLC
CONSOLIDATED HALLMARK INSURANCE PLC
UNAUDITED Q2 RESULTS FOR THE PERIOD ENDED 30TH JUNE, 2016
UNAUDITED Q2 RESULTS FOR THE PERIOD ENDED 30TH JUNE, 2016
Sector:
FINANCIAL SERVICES
Sector:
FINANCIAL SERVICES
Per share Data
Per share Data
Current Price (N)
3.83
Current Price (N)
0.50
52 Weeks High/Low (N)
4.28/3.42
52 Weeks High/Low (N)
0.50/0.50
Shares Outstanding
5,881,864,195
Shares Outstanding
6,000,000,000
Market Capitalisation
22,527,539,866.85
Market Capitalisation
3,000,000,000.00
Period
Q2 2016
Q2 2015
% Growth
Period
Q2 2016
Q2 2015
% Growth
Income Statement
N’ Million
N’ Million
Income Statement
N’ Million
N’ Million
Gross Revenue
17,126.02
13,533.58
26.54
Gross premium written
3,436.66
3,772.32
-8.90
Operating Expenses
(11,158.26)
(8,065.65)
38.34
Gross premium income
3,294.94
3,490.32
-5.60
Net Fair Value Gains/(Losses)
178.08
1.94
9079.54
Reinsurance premium expenses
(1,362.15)
(1,643.28)
-17.11
Net Realised Gains/(Losses)
(25.49)
0.003
-849633
Net premium income
1,932.80
1,847.05
4.64
Management Expenses
(2,418.72)
(2,069.59)
16.87
Fee and commission income
145.37
84.58
71.86
Finance Costs
(70.686)
(65.019)
8.72
Net underwriting income
2,078.17
1,931.63
7.59
Profit Before Taxation
3,630.95
3,335.26
8.87
Claims expenses
(768.13)
(609.73)
25.98
Income Tax Expenses
(743.80)
(717.11)
3.72
Claims recoveries from reinsurers
161.28
85.400
88.86
Profit After Taxation
2,887.15
2,618.16
10.27
Claims incurred
(606.85)
(524.33)
15.74
Profit Attributable to:
Underwriting expenses
(657.28)
(437.497)
50.24
Owners of the Parent
2,784.27
2,573.72
8.18
Underwriting profit
814.04
969.80
-16.06
Non-Controlling Interests
102.88
44.44
131.52
Investment income
192.16
182.131
5.50
Balance Sheet
Q2 2016
Q2 2015
% Growth
Other operating income
103.38
64.81
59.51
N’ Million
N’ Million
Net fair value gains on financial assets at fair value through profit or loss
(16.16)
(64.110)
-74.79
Total Assets
62,273.08
54,103.49
15.10
Management expenses
(671.07)
(669.42)
0.25
Total Liabilities
34,412.59
29,057.90
18.43
Profit Before Taxation
422.34
483.22
-12.60
Total equity
27,860.50
25,045.58
11.24
Income Tax Expense
(163.20)
(149.49)
9.17
Fundamental analysis
Q2 2016
Q2 2015
% Growth
Profit After Taxation
259.14
333.73
-22.35
Earnings Per Share (EPS) (N)
0.47
0.44
8.18
Balance Sheet
Q2 2016
Q2 2015
% Growth
P.E (x)
8.09
8.75
-7.56
N’ Million
N’ Million
PBT Margin (%)
21.20%
24.64%
-13.97
Total Assets
7,739.96
7,001.01
10.55
PAT Margin (%)
16.86%
19.35%
-12.86
Total Liabilities
3,273.01
2,835.25
15.44
Net Asset Per Share (N)
4.74
4.26
11.24
Total equity
4,466.95
4,165.76
7.23
ROA%
4.64%
4.84%
-4.19
Fundamental analysis
Q2 2016
Q2 2015
% Growth
ROE %
10.36%
10.45%
-0.87
Earnings Per Share (EPS) (N)
0.04
0.06
-22.35
Corporate Action
Q2 2016
Q2 2015
% Growth
P.E (x)
11.58
8.99
28.78
Proposed Dividend – Interim (Kobo)
7
6
16.67
PBT Margin (%)
12.29%
12.81%
-4.06
Qualification Date
19-Aug-16
PAT Margin (%)
7.54%
8.85%
-14.77
Closure of Register
22-Aug-16
Net Asset Per Share (N)
0.74
0.69
7.23
Payment date
1-Sep-16
ROA%
3.35%
4.77%
-29.76
ROE %
5.80%
8.01%
-27.59
DIAMOND BANK PLC
UNAUDITED Q2 RESULTS FOR THE PERIOD ENDED 30TH JUNE, 2016
FORTE OIL PLC (FO)
Sector:
FINANCIAL SERVICES
UNAUDITED Q2 RESULTS FOR THE PERIOD ENDED 30TH JUNE, 2016
Per share Data
Sector:
OIL AND GAS
Current Price (N)
1.60
Per share Data
52 Weeks High/Low (N)
3.97/1.10
Current Price (N)
175.50
Shares Outstanding
23,160,388,968
52 Weeks High/Low (N)
342.00/155.18
Market Capitalisation
37,056,622,348.80
Shares Outstanding
1,302,481,103
Period
Q2 2016
Q2 2015
% Growth
Market Capitalisation
228,585,433,576.50
Income Statement
N’ Million
N’ Million
Period
Q2 2016
Q2 2015
% Growth
Gross Earnings*
98,239.29
105,069.01
-6.50
Income Statement
N’ Million
N’ Million
Interest and similar Income
67,763.12
83,164.78
-18.52
Revenue
84,422.71
61,168.02
38.02
Interest Expense
(17,795.87)
(24,543.69)
-27.49
Cost of Sales
(72,060.27)
(52,838.37)
36.38
Net interest Income
49,967.25
58,621.09
-14.76
Gross Profit
12,362.43
8,329.65
48.41
Impairment Charge for Credit Losses
(18,998.50)
(13,047.92)
45.61
Other Income
1,614.49
1,573.74
2.59
Net interest income after impairment charge for credit losses
30,968.75
45,573.17
-32.05
Distribution Expenses
(1,822.66)
(1,203.46)
51.45
Fee and Commission Income
21,320.69
19,999.65
6.61
Administrative Expenses
(5,308.76)
(5,939.08)
-10.61
Fee and Commission Expense
(4,002.92)
(2,059.91)
94.32
Operating Profit
6,845.50
2,760.86
147.95
Net fee and commission income
17,317.77
17,939.74
-3.47
Net Finance (Cost)/Income
(2,583.15)
494.93
-621.93
Net Trading income
7,763.42
1,338.59
479.97
Profit/Loss Before Income Tax
4,262.35
3,255.78
30.92
Other Income
1,392.06
565.99
145.95
Income Tax Expense
(2,029.08)
(725.03)
179.86
Net Operating Income
57,442.01
65,417.50
-12.19
Profit After Tax
2,233.27
2,530.75
-11.75
Personnel expenses
(16,891.92)
(17,561.85)
-3.81
Other Comprehensive Income:
Depreciation and amortization
(4,285.98)
(3,379.34)
26.83
Items that will not be reclassified subsequently to profit or Loss
Operating Lease Expenses
(574.39)
(419.12)
37.05
Foreign Exchange Transaction Loss
(6.04)
(17.15)
-64.76
Other operating expenses
(25,203.89)
(29,863.79)
-15.60
Total Comprehensive Income for the Period
2,227.23
2,513.12
-11.38
Total expenses
(46,956.18)
(51,224.11)
-8.33
Total Comprehensive Income attributable to:
Profit/Loss Before Tax
10,485.83
14,193.39
-26.12
Owners of the Company
2,447.41
1,891.54
29.39
Income Tax Expense
(1,432.04)
(2,038.60)
-29.75
Non-Controlling Interests
(220.19)
621.58
-135.42
Profit for the Year
9,053.79
12,154.79
-25.51
Balance Sheet
Q2 2016
Q2 2015
% Growth
Balance Sheet
Q2 2016
Q2 2015
% Growth
N’ Million
N’ Million
N’ Million
N’ Million
Total Asset
135,979.64
117,514.96
15.71
Total Asset
1,970,644.06
1,830,700.76
7.64
Total Liabilities
93,099.90
73,314.06
26.99
Total Liabilities
1,739,577.70
1,609,582.70
8.08
Shareholders’ Fund
42,879.75
44,200.91
-2.99
Shareholders’ Fund
231,066.36
221,118.06
4.50
Fundamental analysis
Q2 2016
Q2 2015
% Growth
Fundamental analysis
Q2 2016
Q2 2015
% Growth
Basic and Diluted Earnings Per Share (EPS) (N)
1.87
1.75
6.86
Basic Earnings Per Share (EPS) (N)
0.39
0.52
-25.51
P.E (x)
93.85
100.29
-6.42
P.E (x)
4.09
3.05
34.25
PBT Margin (%)
5.05%
5.32%
-5.15
PBT Margin (%)
10.67%
13.51%
-20.99
PAT Margin (%)
2.65%
4.14%
-36.06
PAT Margin (%)
9.22%
11.57%
-20.33
Net Asset Per Share (N)
32.92
33.94
-2.99
Net Asset Per Share (N)
9.98
9.55
4.50
ROA%
1.64%
2.15%
-23.74
ROA%
0.46%
0.66%
-30.80
ROE %
5.21%
5.73%
-9.04
ROE %
3.92%
5.50%
-28.72
* Computed By CBP Research
MRS OIL NIGERIA PLC
MOBIL OIL NIGERIA PLC
UNAUDITED Q2 RESULTS FOR THE PERIOD ENDED 30TH JUNE, 2016
UNAUDITED Q2 RESULTS FOR THE PERIOD ENDED 30TH JUNE, 2016
Sector:
OIL AND GAS
Sector:
OIL AND GAS
Per share Data
Per share Data
Current Price (N)
38.78
Current Price (N)
162.00
52 Weeks High/Low (N)
47.18/31.93
52 Weeks High/Low (N)
175.00/118.06
Shares Outstanding
253,988,672
Shares Outstanding
360,595,262
Market Capitalisation
9,849,680,700.16
Market Capitalisation
58,416,432,444.00
Period
Q2 2016
Q2 2015
% Growth
Period
Q2 2016
Q2 2015
% Growth
Income Statement
N’ Million
N’ Million
Income Statement
N’ Million
N’ Million
Revenue
53,777.03
36,984.77
45.40
Turnover
50,258.00
31,828.21
57.90
Cost of Sales
(48,441.38)
(34,309.75)
41.19
Cost of Sales
(41,156.53)
(25,857.47)
59.17
Gross Profit
5,335.65
2,675.02
99.46
Gross Profit
9,101.47
5,970.74
52.43
Other Income
845.24
561.98
50.40
Other Income
2,350.79
2,257.18
4.15
Selling and distribution expenses
(785.79)
(285.92)
174.83
Selling and Distribution Expenses
(3,210.94)
(2,613.34)
22.87
Administrative Expenses
(2,647.49)
(2,420.22)
9.39
Administrative Expenses
(1,775.66)
(1,518.52)
16.93
Operating profit
2,747.60
530.86
417.57
Other Non-Operating Expense
(7.02)
(14.15)
-50.41
Finance Income
293.38
1,510.71
-80.58
Operating Profit
6,458.65
4,081.91
58.23
Finance costs
(1,503.84)
(1,977.13)
-23.94
Finance Income
50.26
49.50
1.53
Net Finance Cost
(1,210.46)
(466.42)
159.52
Finance Cost
(0.02)
(19.90)
-99.92
Profit/Loss Before Tax
1,537.14
64.45
2285.13
Profit/Loss Before Tax
6,508.89
4,111.51
58.31
Taxation
(627.40)
(26.85)
2236.85
Taxation
(2,092.75)
(1,201.02)
74.25
Profit After Tax
909.75
37.60
2319.60
Profit After Tax
4,416.14
2,910.49
51.73
Balance Sheet
Q2 2016
Q2 2015
% Growth
Balance Sheet
Q2 2016
Q2 2015
% Growth
N’ Million
N’ Million
N’ Million
N’ Million
Total Asset
84,601.56
56,816.93
48.90
Total Asset
55,666.43
48,911.80
13.81
Total Liabilities
62,714.49
36,561.21
71.53
Total Liabilities
38,483.17
34,831.78
10.48
Shareholders’ Fund
21,887.07
20,255.72
8.05
Shareholders’ Fund
17,183.26
14,080.01
22.04
Fundamental analysis
Q2 2016
Q2 2015
% Growth
Fundamental analysis
Q2 2016
Q2 2015
% Growth
Basic and Diluted Earnings Per Share (EPS) (N)
3.58
0.15
2319.60
Basic and Diluted Earnings Per Share (EPS) (N)
12.25
8.07
51.73
P.E (x)
10.83
261.97
-95.87
P.E (x)
13.23
20.07
-34.09
PBT Margin (%)
2.86%
0.17%
1540.35
PBT Margin (%)
12.95%
12.92%
0.26
PAT Margin (%)
1.69%
0.10%
1564.06
PAT Margin (%)
8.79%
9.14%
-3.91
Net Asset Per Share (N)
86.17
79.75
8.05
Net Asset Per Share (N)
47.65
39.05
22.04
ROA%
0.01
0.00
1524.96
ROA%
7.93%
5.95%
33.32
ROE %
4.16%
0.19%
2139.26
ROE %
25.70%
20.67%
24.33
Regards,
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