Sunday, September 25, 2022
MARKET UPDATE
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Company Analysis

Access Bank may hit N1trn revenue mark in 2022 but profit trims in Q2

    Access Bank may hit N1trn revenue mark in 2022 but profit trims in Q2

Access Bank Plc is headed to a historic record as Nigeria’s first bank to hit the N1 trillion mark in gross earnings this year. The nation’s largest banking institution with

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Rising debts, finance cost keep Flour Mills’ profit flat at N5.5bn in Q1

    Rising debts, finance cost keep Flour Mills’ profit flat at N5.5bn in Q1

Flour Mills of Nigeria Plc piled up balance sheet debts to over N322 billion as interest rates headed upwards in the Central Bank’s inflation-curbing policy thrust. Within the three months

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Nestlé’s rising costs break the turnaround speed in Q2

    Nestlé’s rising costs break the turnaround speed in Q2

Nestle Nigeria Plc has lost the impressive speed on the earnings track that delivered a clear 45 percent leap in profit to N18 billion in the first quarter. Two major

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Nigerian Breweries speeds up recovery with N18.7bn profit in H1

    Nigerian Breweries speeds up recovery with N18.7bn profit in H1

Nigerian Breweries Plc sped up on its long recovery journey with a net profit of N18.7 billion at half-year operations in June 2022. The six-month profit figure is ahead of

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ETI pegs interest expenses in Q2 but loan losses advance to N48bn

    ETI pegs interest expenses in Q2 but loan losses advance to N48bn

Ecobank Transnational Inc. overcame the challenge of the rising cost of funds in the second quarter but increasing credit losses

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TotalEnergies faces rising cost, profit drops in Q2

    TotalEnergies faces rising cost, profit drops in Q2

TotalEnergies Marketing Nigeria Plc faced a difficult operating environment in the second quarter, as cost increases generally overtook revenue growth.

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Slowdown in Q2 limits FBN Holdings’ H1 profit to N56bn

    Slowdown in Q2 limits FBN Holdings’ H1 profit to N56bn

FBN Holdings Plc lost much speed on earnings growth in the second quarter and its 107 percent profit advance in

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Guinness’ profit jumps more than 12 times to N15.6bn despite lean Q4

    Guinness’ profit jumps more than 12 times to N15.6bn despite lean Q4

Guinness Nigeria Plc traded off profit season in the final quarter but galloping growth across three quarters still lifted full

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Africa Prudential: H1 earnings looking up from three-year fall

    Africa Prudential: H1 earnings looking up from three-year fall

Africa Prudential Plc reinforced its earnings momentum in the second quarter and its half-year performance is looking up for the

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Finance, tax expenses dry up Unilever’s profit in Q2

    Finance, tax expenses dry up Unilever’s profit in Q2

Unilever Nigeria Plc made two major shifts on the side of costs that dried up profit from over N1 billion

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