Thursday, November 15, 2018

Tag "Profit"

    Nigerian Breweries records 22% profit decline, blames new excise duty

Nigerian Breweries records 22% profit decline, blames new excise duty

Nigerian Breweries says it recorded a 22 percent decline in profit after tax for the half year ended June 30.This is according to the company’s unaudited result submitted to the Nigerian Stock Exchange (NSE) for the period under review.NAN reports that the company posted a profit after tax of N18 billion compared to N24 billion recorded in the corresponding period [...]

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    FBN Holdings posts N33.5bn profit — despite high inflation

FBN Holdings posts N33.5bn profit — despite high inflation

FBN Holdings Plc (FBNHoldings) says its profit margin increased by 13.7 percent year on year (y-o-y) for the half year ended June 2018, “despite high inflationary environment".This is contained in the group’s unaudited results, which were largely positive for the period under review.According to the results, profit after tax rose to N33.5 billion, up from N29.5 billion recorded in June [...]

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    MTN shakes off $1bn fine, anticipates profit

MTN shakes off $1bn fine, anticipates profit

MTN Group Limited says it is anticipating a profit in its 2017 financial statement, adding that it has recovered from a $1 billion fine it paid for its Nigerian unit.In a statement, the company which is Nigeria's largest telecommunications network, said the financial statement would cover 12 months for the period ended December 31, 2017.The company announced that it lost [...]

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    Transcorp records N8.2bn profit

Transcorp records N8.2bn profit

Transnational Corporation of Nigeria Plc (Transcorp) has recorded N8.2 billion group profit after tax, on the strength of an "improved and sustained production capacity" in their power operations.The company's financial results were released for the third quarter (Q3 2017) which ended September 30.According to a press statement, the company recorded a profit after tax of N8.2 billion for Q3 2017, [...]

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    Low raw materials cost, improved FX push Honeywell profit by N8.35bn

Low raw materials cost, improved FX push Honeywell profit by N8.35bn

Honeywell Flour Mills Plc (HFMP), a leading food production company in Nigeria, has released its audited financial results for the full year which ended on March 31, 2017.At its just concluded 8th annual general meeting (AGM), held on Friday, the company announced an impressive 191 percent increase in gross profit from N4.36 billion to N12.71 billion in the financial year [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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