Monday, April 29, 2024
MARKET UPDATE
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Company Analysis

Vitafoam: From profit drop down to a loss

    Vitafoam: From profit drop down to a loss

Vitafoam suffered a profit drop in 2015 and closed the year with the lowest profit figure in the past five years. A turnaround isn’t expected in the 2016 financial year,

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Wema Bank: Profit slows down, heads for a drop at full year

    Wema Bank: Profit slows down, heads for a drop at full year

Wema Bank lost its earnings growth rate in the third quarter and heads for a possible drop in profit at full year. Its ability to defend profit seen in the

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Dangote: Interest income helps wage dropping profit

    Dangote: Interest income helps wage dropping profit

The biggest event on the income statement of Dangote Cement at the end of the third quarter is a high rise in interest income by more than one and half

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Cadbury: Rising input cost dashes turnaround hopes

    Cadbury: Rising input cost dashes turnaround hopes

Cadbury Nigeria’s high hopes for a profit rebound this year has faded, as rising cost of sales claimed the highest share of sales revenue the company has witnessed in several

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Transcorp Hotels: Profit slows down on loss of margin

    Transcorp Hotels: Profit slows down on loss of margin

Transcorp Hotels recorded a slowdown in profit growth in the third quarter and the full year profit outlook for the

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Forte Oil: Gaining revenue, losing profit

    Forte Oil: Gaining revenue, losing profit

Forte Oil has reported an outstanding growth in sales revenue at the end of the third quarter but lost more

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GlaxoSmithKline: Foreign exchange losses eat up earnings

    GlaxoSmithKline: Foreign exchange losses eat up earnings

A high rise in foreign exchange losses ate up all of GlaxoSmithKline Consumer Nigeria’s [GSK] gross profit at the end

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UBA recharges for growth in third quarter

    UBA recharges for growth in third quarter

United Bank for Africa (UBA) seems to have engaged the speed gear in the third quarter that saw it through

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PZ Cussons: From profit drop down to a loss

    PZ Cussons: From profit drop down to a loss

PZ Cussons lost more than one-half of profit in its last financial year and the conglomerate has proceeded from a

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Presco: The strength in local dependence

    Presco: The strength in local dependence

Presco, the oil palm products company, is putting up a defiant earnings performance that underscores the strength in local dependence.

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