Wednesday, September 19, 2018

Mike 'Uzor

    [REVIEW] Outlook for banking stocks

[REVIEW] Outlook for banking stocks

Earnings reports and performance of banks for the 2014 financial year continue to reflect the difficult conditions in which banks traded. The concluding part of the review continues to show a general slowdown in revenue and dependence on cost saving to defend profit.Sterling Bank Plc needs a strong growth in profit in 2014 in order to improve earnings and dividend [...]

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    Lafarge Africa: Profit drops on loss of other income

Lafarge Africa: Profit drops on loss of other income

The consolidated operations of Lafarge Africa Plc for the 2014 full year show a flat growth in sales revenue and a drop in profit. The company, which has just concluded the consolidation process in the acquisition of majority shares in Ashakacem, closed last year’s operations with a marginal decline in sales revenue and a 43% drop in net profit. The [...]

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    Outlook for banking stocks

Outlook for banking stocks

Earnings reports for the operations in 2014 have begun to reach the market and performance generally can be expected to reflect the difficult conditions in which banks traded last year. The reports yet to be released are expected to follow the same pattern of slow growth in both revenue and profit, which is the summary of reports issued so far.Revenue [...]

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    NNFM sustaining recovery despite profit slowdown

NNFM sustaining recovery despite profit slowdown

Northern Nigeria Flour Mills (NNFM) has lost its initial high profit growth momentum, as triple digit rise in profit in the first quarter has given way for a decline in the third. The flour milling company may still sustain its gradual profit recovery in the current financial year ending March 2015.The company has strengthened revenue growth and operating expenses are [...]

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    Can recovery in equities be sustained?

Can recovery in equities be sustained?

Leading stocks have made further shifts to the side of price advances while others have at least stopped the downward trend. This can be read as a reasonable signal for a rebound though not sufficient to conclude that the bull is back. The good news for the market is that oil market is coming out of its miserable outlook and [...]

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    International Breweries loses growth momentum

International Breweries loses growth momentum

International Breweries lost its profit growth momentum in the third quarter and the full year earnings outlook for the company has moderated. Revenue growth remained quite good and the company is still on the way to a new peak in turnover in the current financial year ending March. Profit however dropped by almost a quarter year-on-year at the end of [...]

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    Honeywell Flour Mills: Naira devaluation hits profit

Honeywell Flour Mills: Naira devaluation hits profit

Honeywell Flour Mills closed third quarter operations in December 2014 with less than one-half of the profit it earned over the same period in the preceding year. A currency devaluation loss of N903 million is largely responsible for the profit drop. Rising selling and administrative expenses against falling sales revenue has also hurt profit performance. A major drop in net [...]

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    Equities market: The bear slows down

Equities market: The bear slows down

The equities market witnessed further moderation of selling pressure last week and the market shifted generally to the side of price advances. Equities on the side of price gains measured from year to date declined and those on the side of losses equally declined, leaving the outlook a bit dicey. With more stocks staying well below their year’s opening levels [...]

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    Flour Mills’ profit falling for the fourth year

Flour Mills’ profit falling for the fourth year

Flour Mills of Nigeria traded at a loss for the three months of its third quarter ended December 2014. With that, the company closed its nine months of operations with a lower profit than it reported in the second quarter, which is also a drop year-on-year. The company’s three-year falling profit trend has therefore extended into the fourth year.The flour [...]

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    Guinness Nigeria: Profit heads for 9-year low

Guinness Nigeria: Profit heads for 9-year low

Guinness Nigeria is still headed downward in terms of profit performance in the current financial year ending June. The brewing company closed its last financial year with the lowest profit figure in eight years and further drop looks quite likely this financial year.Based on the second quarter growth rate, the company is likely to post the lowest profit in nine [...]

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    7-Up keeps profit growing

7-Up keeps profit growing

Seven Up Bottling Company is maintaining profit growth for the fourth year running on stable growth in sales revenue and consistent gains in market share. The soft drinks company is expected to finish the current financial year ending March with new peaks in revenue and profit after it tripled profit in the preceding year.  The company has sustained high profit [...]

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    MRS Oil: High Q3 growth may thin down at full year

MRS Oil: High Q3 growth may thin down at full year

MRS Oil posted one of the strongest profit advances among listed companies in the third quarter but the high growth is expected to thin down at full year. On year-on-year basis, the company lifted after tax profit by almost 529% at the end of September but a windfall in other income in the final quarter of the preceding year isn’t [...]

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    GlaxoSmithKline may post lowest profit in four years

GlaxoSmithKline may post lowest profit in four years

GlaxoSmithKline Consumer Nigeria has grown profit every year over the past three years but the pharmaceutical company appears to have lost the growth momentum in 2014. The company experienced a slowdown in sales revenue growth in the course of last year’s operations and costs grew ahead of income. That lowered profit margin to the lowest level in many years. Interim [...]

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    John Holt gets question mark over survival

John Holt gets question mark over survival

John Holt Plc closed its 2014 operations as at September with a question mark over the validity of the assumed going concern basis for the preparation of its accounts. Unless fresh financial support is provided for the critically needed working capital, the going concern basis will be invalid, according to a statement in the company’s financial report. The auditors therefore [...]

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    Cadbury Nigeria: Losing the turnaround gains

Cadbury Nigeria: Losing the turnaround gains

Cadbury Nigeria appears to be witnessing the reversal of the critical gains and changes in its operating structure that led to its return to profit in 2010. Revenue growth, which picked up in 2010 has slowed down and a drop in turnover looks likely from the 2014 operations. Profit margin dropped to the lowest mark in four years as per [...]

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    Ecobank: Expect outstanding profit growth in 2014

Ecobank: Expect outstanding profit growth in 2014

Ecobank Inc is expected to achieve a sharp recovery and an outstanding growth in 2014 with profit likely to hit a new peak in the year. Its interim result at the end of the third quarter shows that the bank’s management is set to reverse the sharp fall in profit it reported in the preceding year. At the end of [...]

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Exchange Rates

September 18, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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