Wednesday, April 24, 2024
MARKET UPDATE
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Company Analysis

Guinness Nigeria cuts spending on creditors to pay shareholders

    Guinness Nigeria cuts spending on creditors to pay shareholders

Guinness Nigeria’s strategy to cut its spending on creditors in finance expenses to build wealth for shareholders has been achieved. This is the summary of the company’s operating results for

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Sterling Bank: Rebuilding profit despite high cost of funds

    Sterling Bank: Rebuilding profit despite high cost of funds

Sterling Bank is feeling the pain of rising interest expenses that consumed more than all the increase in interest income at the end of half year operations in June 2018.

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UAC Nigeria rebuilding profit from falling sales

    UAC Nigeria rebuilding profit from falling sales

UAC Nigeria is striving to rebuild profit after a profit collapse last year left it with a fraction of the preceding year’s figure. The turnaround process is, however, constrained by

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Fleeing portfolio traders sink equities market

    Fleeing portfolio traders sink equities market

Foreign portfolio traders are on a homeward run from Nigeria’s equities market and have dragged down the market again in the cycle of re-entry and exit that has made the

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FCMB steps up profit despite tight revenue

    FCMB steps up profit despite tight revenue

First City Monument Bank [FCMB] grew profit by 90% at the end of the second quarter, accelerating from 64% in

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Nigerian Breweries: Losing revenue, losing profit

    Nigerian Breweries: Losing revenue, losing profit

Nigerian Breweries is losing both sales revenue and profit in the current year, stepping downward again after breaking a trend

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FBN Holdings: sustaining recovery for the second year

    FBN Holdings: sustaining recovery for the second year

FBN Holdings strengthened its profit performance at the end of half year operations in June 2018, showing improved prospects for

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Zenith Bank: Stable profit despite volatile earnings environment

    Zenith Bank: Stable profit despite volatile earnings environment

Zenith Bank experienced a volatile earnings environment in the second quarter but management engaged cost management shock absorbers to keep

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Nestle Nigeria: Interest expenses cut lifts profit

    Nestle Nigeria: Interest expenses cut lifts profit

A sharp cut down in interest expenses was the major favourable event in the Nestle Nigeria’s income statement at the

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Oando: Tax credit saves profit at half year

    Oando: Tax credit saves profit at half year

Oando kept its turnaround flag flying by using a tax credit to overwrite a loss position at the end of

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