Thursday, April 18, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Company Analysis

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 by 5 percent to N35.5 billion. The cement-producing company recharged

0 comment Read Full Article

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 percent in after-tax profit to N26.8 billion in the first

0 comment Read Full Article

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 following the devaluation of the naira — which overturned the

0 comment Read Full Article

Zenith Bank builds N2.6trn assets in three months, sheds N200bn in bad loans

    Zenith Bank builds N2.6trn assets in three months, sheds N200bn in bad loans

Zenith Bank Plc expanded its balance sheet by N2.6 trillion in the three months of operations in the second quarter (Q2) to close with a half-year reading of N16 trillion.

0 comment Read Full Article

Dangote Sugar Refinery sales grow amid FX hit

    Dangote Sugar Refinery sales grow amid FX hit

Dangote Sugar Refinery’s advancing profit in the first quarter (Q1) overturned to hit a pre-tax loss of almost N50 billion

0 comment Read Full Article

Stanbic IBTC Holdings elevates profit by 121% to N68bn at H1 on currency trading revenue

    Stanbic IBTC Holdings elevates profit by 121% to N68bn at H1 on currency trading revenue

Stanbic IBTC Holdings elevated the bottom line with a clear 121 percent to close at N67.9 billion at half-year on

0 comment Read Full Article

Guinness’ falling profit hits N22bn loss at full year, erodes shareholders’ funds

    Guinness’ falling profit hits N22bn loss at full year, erodes shareholders’ funds

Guinness Nigeria Plc experienced a progressive profit drop across quarters, ending the full year with a pre-tax loss of N22.1

0 comment Read Full Article

Foreign exchange loss slashes MTN’s profit by 68% to N27bn in Q2

    Foreign exchange loss slashes MTN’s profit by 68% to N27bn in Q2

MTN Nigeria Plc was hit by a foreign exchange (FX) loss of N126.8 billion in the second quarter (Q2), which

0 comment Read Full Article

FCMB beats last year’s closing profit on N51bn FX gain in six months

    FCMB beats last year’s closing profit on N51bn FX gain in six months

FCMB Group Plc rode on the back of foreign exchange (FX) gain of almost N51 billion at half-year to lift

0 comment Read Full Article

Despite FX loss, Nigerian Breweries records improved net sales revenue

    Despite FX loss, Nigerian Breweries records improved net sales revenue

Net foreign exchange loss of N70.6 billion in the second quarter (Q2) created a net loss of almost N37 billion

0 comment Read Full Article
error: Content is protected from copying.