Tuesday, March 26, 2019

Mike 'Uzor

    Another strong year for Presco

Another strong year for Presco

Presco Plc, the oil palm producing company, has maintained a strong earnings growth on which it started the current financial year. The company is keeping revenue growing and also stretching out profit margin. This has lifted profit margin and set profit on the path of another strong growth this year. At the end of the third quarter, after tax profit [...]

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    Unity Bank: From high growth to a slowdown

Unity Bank: From high growth to a slowdown

Unity Bank achieved one of the highest profit advances in the banking sector in 2014 but is experiencing a sharp slowdown so far in 2015. The full year outlook indicates a likely drop in gross earnings and a moderate improvement in profit against a rise of 147% in after tax profit   in 2014.Actual earnings outcomes are however subject to the [...]

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    Africa Prudential maintains strong earnings growth

Africa Prudential maintains strong earnings growth

Africa Prudential Registrars is likely to achieve another strong growth in profit this year. The share registration company had already exceeded its 2014 full year profit figure by the end of third quarter. A stable growth in revenue and a big gain in profit margin are the underlying strengths for the strong profit growth this year. The company grew after [...]

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    Can Transcorp achieve a profit rebound at full year?

Can Transcorp achieve a profit rebound at full year?

Transnational Corporation of Nigeria is showing a pattern of profit rise and fall that leaves its earnings outlook uncertain. Over the past five years, the company has recorded alternating rise and fall in profit performance, quite unexpected of a conglomerate. Will the company rise this year after the fall of last year is the big question mark on Transcorp in [...]

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    Berger Paints heads for big profit recovery

Berger Paints heads for big profit recovery

Berger Paints closed last year with the lowest profit in five years. This year, the paint manufacturing company looks very likely to post the biggest profit since 2011. The company has not been able to maintain a stable record of earnings performance. Over the past five years, profit has fallen three times and grew only once. This year is one [...]

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    Forte Oil may lead profit growth in petroleum group

Forte Oil may lead profit growth in petroleum group

Forte Oil may recover the profit growth momentum it lost last year and register the only strong profit advance in the petroleum marketing sector in 2015.  Last year, the company registered a strong growth in sales revenue but lost profit. This year, the reverse is likely to be the case. Sales revenue is headed for a three-year low but profit [...]

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    Vitafoam: Losing profit on flat revenue

Vitafoam: Losing profit on flat revenue

Vitafoam Nigeria’s third quarter report shows a drop of 27% in after tax profit year-on-year to N335 million, as revenue failed to grow and costs grew ahead on incomes. The foam and furniture manufacturing company stepped up profit last year after two years of decline but looks likely to resume the downward steps this year. Sales revenue was flat at [...]

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    Conoil: Profit heads for second year drop

Conoil: Profit heads for second year drop

Conoil’s revenue and profit records have followed a pattern of rise and fall in the past five years but this year the pattern is likely to change to one of fall and fall. Fiscal 2014 was a down year for the company when sales revenue dropped to the lowest level in four years and profit fell to less than one-third [...]

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    Forte Oil: Will profit fall for the second year?

Forte Oil: Will profit fall for the second year?

Forte Oil lost its two-year recovery momentum in 2014 and profit dropped despite a strong growth in sales revenue. This year, sales revenue is headed for a significant drop based on the second quarter performance. Will the company be able to sustain the profit growth rate seen in the second quarter or will profit drop with revenue are the big [...]

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    Cadbury Nigeria: Back in the red

Cadbury Nigeria: Back in the red

Cadbury Nigeria engineered a new operating momentum in 2009 that led to its return to profit in 2010. The beverage manufacturing company’s new configuration has run out of steam again. A big profit slash happened last year and this year the company is back in the red.A new strength in revenue growth seen in 2010 and 2011, stagnated in the [...]

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    Dangote Cement may grow profit by over 40% at full year

Dangote Cement may grow profit by over 40% at full year

Dangote Cement Company is likely to raise profit to a new high at the end of 2015, making up for the drop it suffered last year. Profit may grow by over 40% if the current growth rate is maintained to full year. The cement manufacturing company has maintained strong growth in profit in recent years until last year when sales [...]

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    Conoil: Profit drops on loss of sales revenues

Conoil: Profit drops on loss of sales revenues

Conoil’s earnings records in 2014 continued on the rise and fall pattern the company has followed in the past five years. The oil marketing company’s result for last year, which was released last week, shows that it was a down year in the business. Sales revenue dropped to the lowest level in four years and that slashed profit well below [...]

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    TSA: The implications for banks and the economy

TSA: The implications for banks and the economy

The policy of treasury single account (TSA) has its merit of streamlining the process of remittance of revenue generated by various agencies and letting government know at a glance what it has in its account. This looks like a novel idea in an environment in which corruption is prevalent and every loophole for revenue leakages needs to be blocked. The [...]

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    Guinness Nigeria: Profit falls for the third year running

Guinness Nigeria: Profit falls for the third year running

Guinness Nigeria closed the 2015 financial year with a drop in profit for the third year running but a moderate gain in sales revenue. This is in line with our projection for the brewing company that has been under pressure from both sales and margins.  A recovery move in sales revenue after two years of declines represents a positive signal [...]

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    UBA may lift profit to a new high in 2015

UBA may lift profit to a new high in 2015

United Bank for Africa (UBA) hasn’t been able to rebuild profit after dropping from the peak record in 2012 but this year is quite promising for the bank. Revenue growth has been decelerating in the past two years but a renewed growth can be expected this year based on the second quarter interim report. Also the bank has lost profit [...]

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    Okomu Oil Palm may reverse sliding profit

Okomu Oil Palm may reverse sliding profit

The Okomu Oil Palm Company has seen three years of sustained profit run down but the oil palm and rubber producing company looks likely to reverse the downslide this year. Over the past three years, the company reported a steady drop from its peak profit figure of N10.52 billion in 2011 to N1.55 billion at the end of 2014.The company [...]

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Exchange Rates

March 26, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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