HOME SPOTLIGHT STORIES MARKETS FINANCIAL LITERACY BUSINESS NEWS GET DATA FINANCIAL CALCULATORS CONNECT WITH US         Nairametrics LIVE FEED Total Plc: Decrease in sale of petroleum products depletes revenues Total Plc recorded decreased revenues from its two revenue-generating units and pre-tax profits also decreased.  Published  14 hours ago  on  October 31, 2020 By  Adeyemi Adebayo  SHARE TWEET Total Plc reported revenue of N151.71 billion in 2020 9M compared to N221.84 billion in the same period of 2019. READ: Revenue analysis of NSE 30 companies READ: Lafarge Africa Plc: Increase in cement sales boosts revenues Key highlights for 2020 9M Revenue decreased to N151.71 billion, -31.61% YoY. Revenue from petroleum products decreased to N117.36 billion, -35.41% YoY. Revenue from lubricants and others decreased to N35.87 billion, -10.66% YoY. Finance cost decreased to N2.57 billion, -58.25% YoY. Cost of sales decreased to N130.68 billion, -33.58% YoY. Pre-tax profits increased to N912.87 million, +880.56% YoY. Earnings Per Share increased to 1.47 kobo, +345.00% YoY. READ: MTN Nigeria records 16.6% increase in revenue in Q3 2020 By Clever Advertising   READ: Kano State presents N147.9 billion budget for 2021 fiscal year Bottom Line: Total Plc recorded decreased revenues from its two revenue-generating units and pre-tax profits also decreased. Companies have generally recorded decreased revenue in the last three quarters mostly due to COVID-19. Pre-tax profits increased significantly, thanks to the reduced cost of sales and finance cost. Meyer Plc: Decrease in paint sales depletes revenues CAP Plc: Increase in investment income, others boost revenues UACN Property Development Company Plc: Decrease in sale of property stock, others depletes revenue RELATED TOPICS:BUSINESS NEWSCOMPANY FINANCIAL RESULTSCOMPANY RESULTSTOTAL PLC.  Adeyemi Adebayo CLICK TO COMMENT LIVE FEED International Breweries Plc records 1.53% decline in YOY revenues International Breweries Plc recorded decreased revenues in its contact with customers.  Published  11 hours ago  on  October 31, 2020 By  Adeyemi Adebayo  International Breweries Plc reported revenue of N95.77 billion in 2020 9M,compared to N97.66 billion in the corresponding period of 2019. Key highlights for 2020 9M Revenue decreased to N95.77 billion, -1.53% YoY. Administrative expenses decreased to N17.61 billion, -9.68% YoY. Marketing expenses decreased to N8.42 billion, -28.76% YoY. Pre-tax loss decreased to N17.72 billion, -26.40% YoY. Earnings Per Share (loss) decreased to 0.4 kobo, -79.06% YoY. Bottom Line International Breweries Plc recorded decreased revenues in its contact with customers. Companies have generally recorded decreased revenues in the last three quarters mostly due to COVID-19. Pre-tax loss decreased, due to a reduction in administrative and marketing expenses that had constituted a drag on the company’s profitability. By Clever Advertising   CONTINUE READING LIVE FEED Guinness Nigeria Plc: Increase in Nigeria sales boosts revenues Guinness of Nigeria Plc recorded a boost from increase in its Nigeria revenue-generating unit.  Published  11 hours ago  on  October 31, 2020 By  Adeyemi Adebayo  Guinness of Nigeria Plc Nigeria Plcreported revenues of N30.02 billion in2020 Q1 compared to N26.90 billion in the corresponding period of 2019. Key highlights for 2020 Q1 Revenues increased to N30.02 billion, +11.62% YoY. Revenues from Nigeria increased to N29.65 billion, +13.14% YoY Revenues from export decreased to N373.21 million, -46.10% YoY. Gross profit decreased to N7.01 billion, -11.88 YoY. Marketing and distribution expenses decreased to N4.63 billion, -11.10% YoY. Administrative expenses decreased to N2.01 billion, -7.95% YoY. Pre-tax loss decreased to N317.48 million, -14.29% YoY. Bottom Line Guinness of Nigeria Plc recorded a boost from an increase in its Nigeria revenue-generating unit. However, revenues from the export revenue-generating unit dipped. Companies have generally recorded decreased revenues in the last three quarters, mostly due to COVID-19. However, Guinness Nigeria Plc was able to increase its total revenues. The pre-tax loss also decreased due to a reduction in marketing and distribution, as well as administrative expenses. By Clever Advertising   CONTINUE READING LIVE FEED Transcorp Plc: Decline in food and beverage, others depletes revenue Transcorp Plc recorded decreased revenues from six of its revenue-generating units.  Published  12 hours ago  on  October 31, 2020 By  Adeyemi Adebayo  Transcorp Plc reported revenue of N54.38 billion in 2020 9M, compared to N58.28 billion in the corresponding period of 2019. Key highlights for 2020 9M Revenue decreased to N54.38 billion, -6.69% YoY Revenue from rooms decreased to N4.32 billion, -53.08% YoY Revenue from food and beverage decreased to N1.64 billion, -60.77% YoY Revenue from shop rental decreased to N511.13 million, -14.14.9% YoY. Revenue from service charge decreased to N54.75 million, -52.63% YoY. Revenue from other operating revenue decreased to N265.42 million, -53.96% Revenue from capacity charge increased to N17.72 billion +8.65% YoY Revenue from energy sent out increased to N29.84 billion, +82.93% YoY. Revenue from ancillary services decreased to N23.4 million, -60.41% YoY. Foreign exchange loss on financing activities increased to 1.84 billion, +316.12% YoY. Finance cost increased to N11.68 billion, +14.86% YoY. Pre-tax profits decreased to N2.02 billion, -72.55% YoY. Earnings Per Share decreased to 3.4 kobo, -154.84% YoY. Bottom Line Transcorp Plc recorded decreased revenues from six of its revenue-generating units. Companies, especially hoteliers have generally recorded decreased revenue in the last three quarters, mostly due to COVID-19. Pre-tax profits also declined in the period under consideration due to increased foreign exchange loss on financing activities and finance costs. 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