Dangote Cement Plc, the most capitalized stock on the NGX also dominated and topped the list on three (3) out of the four (4) parameters from the list of the top ten quoted firms from the extracts of financials based on Turnover, PAT, Fixed Assets and Net Asset in 202i . DANGCEM tops the list of top ten companies by turnover with revenue of N1,022,186 mln and closely followed by ZENITHBANK with N518,673 mln while FBNH came third on the table with N427,030 mln
However , the banking sub-sector continue to dominate the top ten quoted firms from the extracts of financials based on Turnover, PAT, Fixed Assets and Net Assets.Overall, the stocks from the sub-sector made about 60% of the list as against 90% in our previous reports .The Financial Services sector dominated the list as nine (9) out of the ten (10) stocks are from the sector.
Table 57: Top Ten Companies by Revenue
DANGCEM tops the list of top ten companies by PAT with N278,250 mln; closely followed by MTNN with 220,312 mln while ZENITHBANK is third on the list with N160,594 mln.
The financial services sector dominated the list with six (6) stocks as against six (6) in 2020 and seven (7) in 2019 from the banking sub-sector.
Table 58: Top Ten Companies by PAT
Based on fixed assets, DANGCEM tops the list and is closely followed by MTNN while SEPLAT and BUACEMENT are followed closely to make up the list of top companies by fixed asset size.
Table 59: Top Ten Companies by Fixed Assets
ZENITHBANK tops the list of companies by net assets and DANGCEM follows as second while ETI came third on the top ten by net assets
