Tuesday, April 23, 2024
MARKET UPDATE
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TheCable

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Company Analysis

ETI limits cost to post N38bn profit in Q1

    ETI limits cost to post N38bn profit in Q1

Ecobank Transnational Inc. applied a low cost and margin improvement approach to push up profit by 26 per cent year-on-year to N38 billion in the first quarter ended March 2022.

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FBN Holdings retains strength for outstanding growth in Q1, doubles profit to N32bn

    FBN Holdings retains strength for outstanding growth in Q1, doubles profit to N32bn

Strong revenue growth, which powered an outstanding profit leap in 2021, is again the main operating strength for FBN Holdings’ 107 per cent profit advance in the first quarter. The

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Guinness multiplies profit more than 8 times to N15bn in Q3

    Guinness multiplies profit more than 8 times to N15bn in Q3

A season of galloping recovery and growth is in the making for Guinness Nigeria Plc with profit multiplied more than eight times year-on-year to over N15 billion at the end

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Again, foreign exchange gain leads Access Bank’s N296bn revenue in Q1

    Again, foreign exchange gain leads Access Bank’s N296bn revenue in Q1

Access Bank Plc is reaping huge foreign exchange gains for the second year with a net gain of almost N86 billion in the first quarter. This is an exceptional leap

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Data again leads MTN’s 22% revenue growth in Q1

    Data again leads MTN’s 22% revenue growth in Q1

MTN Nigeria Plc grew revenue from data services by 54.5 per cent year-on-year to over N163 billion in the first

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Export sales leads Okomu Oil’s 60% turnover growth in 2021

    Export sales leads Okomu Oil’s 60% turnover growth in 2021

Export sales provided the drive for a 60 per cent advance in sales revenue for Okomu Oli Palm Plc to

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Seplat Energy plans to add output boost to oil price gains in 2022

    Seplat Energy plans to add output boost to oil price gains in 2022

Seplat Energy plans to enhance production volume for the 2022 operations to between 50,000 and 60,000 oil equivalent per day

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Guinness Nigeria gears up for outstanding growth in 2022 

    Guinness Nigeria gears up for outstanding growth in 2022 

Guinness Nigeria Plc has raised its growth momentum on the earnings track in the 2022 financial year ending June. The

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Loss of interest earnings drags GTCO’s profit down to 4-year low in 2021

    Loss of interest earnings drags GTCO’s profit down to 4-year low in 2021

Guaranty Trust Holding Company (GTCO) Plc suffered a drop of almost N37 billion in interest earnings from core lending operations

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Flour Mills: Expect profit slowdown in 2022

    Flour Mills: Expect profit slowdown in 2022

Flour Mills of Nigeria (FMN) Plc is headed for a sharp slowdown in profit in its 2022 financial year ending

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