Tuesday, April 16, 2024
MARKET UPDATE
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TheCable

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Company Analysis

Four Mills slows down on profit, steps up on revenue

    Four Mills slows down on profit, steps up on revenue

Flour Mills of Nigeria recorded a slowdown in profit growth in the third quarter but achieved an accelerated growth in sales revenue during the period. Two cost areas encroached on

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Loss multiplies for 7up in third quarter

    Loss multiplies for 7up in third quarter

Seven up Bottling Company’s loss figure in the second quarter multiplied more than three times at the end of the third quarter last December. The soft drinks manufacturer ended the

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Forte Oil: Interest expenses undermine profit performance in final quarter

    Forte Oil: Interest expenses undermine profit performance in final quarter

A rapid growth in interest expenses prevented Forte Oil from converting any revenues generated in the final quarter into profit. The oil company therefore lost its profit growth momentum in

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International Breweries: Interest and taxes eat up profit

    International Breweries: Interest and taxes eat up profit

Lenders and tax authorities have claimed all profit before interest and taxes of International Breweries at the end of the third quarter and left a loss of N437 million for

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Guinness Nigeria faces a year of multiplying loss

    Guinness Nigeria faces a year of multiplying loss

Guinness Nigeria is experiencing a worse year in operations after closing its last financial year in the first loss record

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Nigerian Breweries heads for another profit drop

    Nigerian Breweries heads for another profit drop

Nigerian Breweries is likely to report a drop in profit for the third year running, as its 2016 report is

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Stanbic IBTC: Accelerating revenue, recovering profit

    Stanbic IBTC: Accelerating revenue, recovering profit

Stanbic IBTC’s earnings report for the third quarter ended September 2016, shows accelerated growth in revenue and a strong recovery

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Okomu Oil Palm: Reaping the rewards of internal dependence

    Okomu Oil Palm: Reaping the rewards of internal dependence

Okomu Oil Palm is set to show the difference that internal dependence on production inputs can make in company operations

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Presco gains speed, heads for biggest profit in years

    Presco gains speed, heads for biggest profit in years

Presco’s turnaround cruse gained considerable speed in the third quarter – when the oil palm products company earned nearly 56%

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Top earning companies 2016: Total takes the lead

    Top earning companies 2016: Total takes the lead

Companies faced a general pattern of rising cost-income ratio and shrinking profit margins in the 2016 financial year. Inability to

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