Thursday, April 25, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Company Analysis

Geregu Power drops costs to defend profit from revenue losses

    Geregu Power drops costs to defend profit from revenue losses

Geregu Power Plc, the newly listed power generating plant on the Nigerian Exchange Group, faces the challenge of falling revenue in the current financial year and management has resorted to

0 comment Read Full Article

Stanbic IBTC Holdings addresses interest cost, loses grip on loan losses at H1

    Stanbic IBTC Holdings addresses interest cost, loses grip on loan losses at H1

Stanbic IBTC Holdings made further progress in the second quarter in fixing two major constraints that shrank profit margin in the first quarter: resurging interest expenses and high operating cost

0 comment Read Full Article

MTN’s N50bn interest expenses slows profit in Q2

    MTN’s N50bn interest expenses slows profit in Q2

MTN Nigeria Plc experienced a change of direction from moderated interest expenses in the first quarter to a high rise of 52 percent to N50 billion in the second quarter.

0 comment Read Full Article

Cost cutting powers N39bn profit for BUA Foods as sales decline in Q2

    Cost cutting powers N39bn profit for BUA Foods as sales decline in Q2

Slowing sales put margins under squeeze for BUA Foods Plc in the first half and management applied cost pruning saw to keep profit from dropping. Cost saving success enabled the

0 comment Read Full Article

Presco’s N14bn profit hope for H2 faces tough task ahead

    Presco’s N14bn profit hope for H2 faces tough task ahead

Presco Plc faces a tough task ahead in the second half of the year for its full-year profit target of

0 comment Read Full Article

Access Bank may hit N1trn revenue mark in 2022 but profit trims in Q2

    Access Bank may hit N1trn revenue mark in 2022 but profit trims in Q2

Access Bank Plc is headed to a historic record as Nigeria’s first bank to hit the N1 trillion mark in

0 comment Read Full Article

Rising debts, finance cost keep Flour Mills’ profit flat at N5.5bn in Q1

    Rising debts, finance cost keep Flour Mills’ profit flat at N5.5bn in Q1

Flour Mills of Nigeria Plc piled up balance sheet debts to over N322 billion as interest rates headed upwards in

0 comment Read Full Article

Nestlé’s rising costs break the turnaround speed in Q2

    Nestlé’s rising costs break the turnaround speed in Q2

Nestle Nigeria Plc has lost the impressive speed on the earnings track that delivered a clear 45 percent leap in

0 comment Read Full Article

Nigerian Breweries speeds up recovery with N18.7bn profit in H1

    Nigerian Breweries speeds up recovery with N18.7bn profit in H1

Nigerian Breweries Plc sped up on its long recovery journey with a net profit of N18.7 billion at half-year operations

0 comment Read Full Article

ETI pegs interest expenses in Q2 but loan losses advance to N48bn

    ETI pegs interest expenses in Q2 but loan losses advance to N48bn

Ecobank Transnational Inc. overcame the challenge of the rising cost of funds in the second quarter but increasing credit losses

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