Tuesday, December 5, 2023
MARKET UPDATE
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TheCable

Company Analysis

Despite cost pressure, Fidelity Bank nets N92bn in 9 months 

    Despite cost pressure, Fidelity Bank nets N92bn in 9 months 

Fidelity Bank Plc faced increased pressure from costs in the third quarter, which lowered quarterly profits from N46.4 billion in the second quarter to N29.8 billion in the third to

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GTCO records N149b financial asset losses at Q3 close | Huge exchange gain boosts profit

    GTCO records N149b financial asset losses at Q3 close | Huge exchange gain boosts profit

Guaranty Trust Holding Company Plc (GTCO) faced the worst credit and financial asset losses in years in the 2023 financial year so far with total asset impairments hitting N148.6 billion

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Additional FX loss of N101bn in Q3 crashes MTN’s profit to N18.7bn

    Additional FX loss of N101bn in Q3 crashes MTN’s profit to N18.7bn

MTN Nigeria Plc piled up additional unrealised foreign exchange (FX) loss of N101.4 billion in the third quarter (Q3), which crashed the profit for the quarter from N87.4 billion in

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Zenith Bank tops up balance sheet to N18trn in Q3

    Zenith Bank tops up balance sheet to N18trn in Q3

Zenith Bank Plc grew the balance sheet by N2.1 trillion in the third quarter (Q3) to close at N18.1 trillion at the end of the nine months of operations. This

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UBA lifts profit by four times to N449bn in Q3 on FX, trading income boost

    UBA lifts profit by four times to N449bn in Q3 on FX, trading income boost

United Bank for Africa (UBA) Plc multiplied after-tax profit close to four times to N449.2 billion at the end of

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Geregu Power tops up profit to N11bn in Q3, may beat full year target

    Geregu Power tops up profit to N11bn in Q3, may beat full year target

Geregu Power Plc earned roughly N4 billion profit in the third quarter (Q3), topping up to N11.3 billion for the

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Geregu Power expects profit rebound to N15bn at full year

    Geregu Power expects profit rebound to N15bn at full year

Geregu Power Plc expects to sustain its earnings rebuilding endeavour in the second half (H2) with good hopes for closing

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Lafarge Africa sustains profit drop at H1 on tax expense doubling

    Lafarge Africa sustains profit drop at H1 on tax expense doubling

Lafarge Africa Plc lost profit for the second quarter (Q2) running and closed the half-year operations with after-tax profit down

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BUA Cement speeds up earnings, slows costs to build N64bn profit at half year

    BUA Cement speeds up earnings, slows costs to build N64bn profit at half year

BUA Cement Plc stepped up earnings and slowed down costs to change its earnings story from a drop of 19

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N22.5bn FX loss overturns Flour Mills’ profit in Q1

    N22.5bn FX loss overturns Flour Mills’ profit in Q1

Flour Mills of Nigeria Plc incurred a foreign exchange (FX) loss of N22.5 billion in its first quarter (Q1) operations

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