Friday, March 24, 2023
MARKET UPDATE
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Company Analysis

N37bn finance expenses cut Flour Mills’ profit by 41% in Q3 2022

    N37bn finance expenses cut Flour Mills’ profit by 41% in Q3 2022

Finance expenses of N37.5 billion claimed all the increase in operating profit of Flour Mills of Nigeria Plc and sent pre-tax profit crashing by 41 percent to less than N15

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Ardova doubles loss to N7.6bn as costs consume revenue

    Ardova doubles loss to N7.6bn as costs consume revenue

Ardova Plc, the petroleum marketing company, closed the 2022 operations with a net loss of N7.6 billion for the group — double the N3.8 billion it posted at the end

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Stanbic IBTC Holdings rebuilds profit to N81b on all-round cost saving

    Stanbic IBTC Holdings rebuilds profit to N81b on all-round cost saving

Stanbic IBTC Holdings has recovered from a 31.5 percent profit plunge in 2021 to build an after-tax profit of N81 billion at the end of 2022. The bank’s unaudited accounts

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Data powers MTN’s revenue growth to N2trn in 2022

    Data powers MTN’s revenue growth to N2trn in 2022

Revenue from data services powered an increase of 21.6 percent in group turnover of MTN Nigeria Plc to hit the N2 trillion mark it projected for the 2022 full year.

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FCMB lifts full year profit to N32.6b on strong Q4

    FCMB lifts full year profit to N32.6b on strong Q4

FCMB Group Plc has made quite a strong finishing of an outstanding financial year with a profit of N9.7 billion

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UACN: From profit drop into N2b loss

    UACN: From profit drop into N2b loss

UAC of Nigeria Plc [UACN] looks quite likely to report worse earnings performance for its 2022 operations than the 33

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Okomu Oil Palm: Expect outstanding result for third straight year

    Okomu Oil Palm: Expect outstanding result for third straight year

Okomu Oil Palm Plc, the oil palm and rubber producing company, can be expected to announce one of the outstanding

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Fidelity Bank expects strong earnings growth for second year in 2022

    Fidelity Bank expects strong earnings growth for second year in 2022

Fidelity Bank Plc is expected to report a strong final quarter in the 2022 operations that could lift profit to

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Stanbic IBTC Holdings trimmed costs in Q3 2022, enhanced profit to N55b

    Stanbic IBTC Holdings trimmed costs in Q3 2022, enhanced profit to N55b

Stanbic IBTC Holdings sustained progress in trimming critical costs in the third quarter (Q3), which has stretched out profit margin

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FBN Holdings faces mounting credit losses, may throw off over N200b in three years

    FBN Holdings faces mounting credit losses, may throw off over N200b in three years

FBN Holdings Plc faced an upsurge in credit losses for the third straight year in 2022 and may throw overboard

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