Tuesday, April 23, 2024
MARKET UPDATE
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Company Analysis

Q4 loss shrinks Nigerian Breweries’ profit further to N13bn

    Q4 loss shrinks Nigerian Breweries’ profit further to N13bn

The Nigerian Breweries’ group closing after tax profit of N18.7 billion at half year, shrank to N13 billion at full year 2022, as the company operated the entire second half

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UBA grows profit to N170bn in 2022 — strongest increase in nine years

    UBA grows profit to N170bn in 2022 — strongest increase in nine years

United Bank for Africa (UBA) gained much speed on earnings growth in 2022 with after tax profit advancing by 43.5 percent to N170.3 billion, a growth record unmatched any time

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TotalEnergies loses profit to N16.4bn despite Q4 upturn

    TotalEnergies loses profit to N16.4bn despite Q4 upturn

TotalEnergies Marketing Nigeria Plc rebounded with a profit improvement in the final quarter of  2022 after two successive quarters of profit declines. But the company still closed the full year

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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

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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

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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

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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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