Friday, November 27, 2020
MARKET UPDATE
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Company Analysis

Nigerian Breweries slows down on the downside

    Nigerian Breweries slows down on the downside

Nigerian Breweries Plc recorded an upbeat in the third quarter as economic activity gained momentum, though not strong enough to change the downtrend it is experiencing for the third straight

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GTBank posts N142bn in Q3 net profit, grows loan book

    GTBank posts N142bn in Q3 net profit, grows loan book

Guaranty Trust Bank (GTBank) printed a 3 percent decline in third-quarter (Q3) net profit at N142 billion from N146.9 billion recorded in the corresponding period of September 2019. Figures from

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Transcorp faces adverse pressure from costs and incomes

    Transcorp faces adverse pressure from costs and incomes

Adverse pressure persisted on both sides of costs and incomes for Transnational Corporation of Nigeria’s (Transcorp) in the third quarter ended September 2020. The nine months of the year ended

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Unilever Nigeria: Heading for a second-year loss

    Unilever Nigeria: Heading for a second-year loss

Unilever Nigeria Plc operated the last two quarters to September 2020 at losses of over N3 billion. The losses have erased a profit of over N1 billion earned in the

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Nestle posts 3% spike in Q3 revenue on improved sales volume

    Nestle posts 3% spike in Q3 revenue on improved sales volume

Nestle Nigeria, the nation’s biggest consumer goods company by market capitalisation, printed a 3.3 percent increase in revenue for three

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Nigerian Breweries recovers from COVID-19 slowdown, posts 25% boost in Q3 revenue

    Nigerian Breweries recovers from COVID-19 slowdown, posts 25% boost in Q3 revenue

Nigerian Breweries (NB), the country’s biggest beer maker by market share, printed a 25.6 percent increase in revenue in third

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Despite COVID-19 headwinds, BUA Cement posts 48% surge in Q3 net profit

    Despite COVID-19 headwinds, BUA Cement posts 48% surge in Q3 net profit

BUA Cement, Nigeria’s second largest cement producer by volume, printed a 48 percent increase in net profit in three months

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MTN posts 57% surge in Q3 data revenue, subscribers hit 75 million

    MTN posts 57% surge in Q3 data revenue, subscribers hit 75 million

MTN Nigeria, the country’s biggest telecommunication company by market share, printed a 57 percent data revenue surge in the nine-month

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Unilever Nigeria posts biggest quarterly revenue since Q2 2019

    Unilever Nigeria posts biggest quarterly revenue since Q2 2019

Unilever Nigeria, a consumer goods company, printed a 93.9 percent surge in third quarter revenue at N17.39 billion — the

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Dangote Sugar: Bearing the burden of exchange loss

    Dangote Sugar: Bearing the burden of exchange loss

Dangote Sugar Refinery suffered a big blow from an exchange loss of N1.3 billion during its half year operations ended

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