Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced impressive half- year results for the six months period ended 30 June 2017, with gross earnings at N97.198 billion, an increase of 36.28 per cent over the N71.320bn recorded in the corresponding period of last year. Following the release of the audited results, […]
Irrespective of Guinness Nigeria’s rise in revenue to N59.49 billion in half-year 2017 from ₦49.83 billion in Q2 2016, analysts have expressed concern on the company’s 52.92 percent rise in inventory. The company’s earnings update for Q2 ended 31 December 2016 recently released by the Nigerian Stock Exchange (NSE) which showed a positive growth of 19.37 percent in revenue base to ₦59.49 billion, […]
Months after its re-acquisition from Tiger Branded Consumers Goods, Dangote Flour Mills have returned to profitability, posting a profit before tax (PBT) of N2.64 billion in the half year ended June 30, 2016, compared to a loss of N9.55 billion posted at the corresponding period in 2015. Dangote Flour Mills consist of Dangote Flour, Dangote Pasta, and Dangote Noodles. According […]
Plc has posted a 10.2 percent reduction in its profit after tax (PAT). The company made a PAT of N779.8 million in contrast to N868.2 million realised for the same period of 2015. The company’s statement of comprehensive income for the period ended June 30 2016 showed that revenue declined by N111 million or […]
Courteville Business Solutions Plc has reported a 98 percent decline in profit after tax of N4.8 million for the six months period ended 30th June 2016. This is in contrast to N210.5 million posted for the same period of 2015. Also the ICT based company, recorded a 98 percent drop in profit before tax of […]
Briefs: Wema Bank Plc has declared a 10.62 percent increase in its profit after tax (PAT) for the first half (H1) or six months period ended June 30, 2016. The bank posted N1.10 billion in contrast to N997.21 million realised in the same period of 2015. In the same vein, profit before tax (PBT) of […]
Lafarge Africa Plc has recorded a loss after tax of N30.2 billion for the first half (H1) of 2016, compared to profit after tax of N27.3 billion recorded for the same period of 2015, representing a decline of 210.73 percent This is coming on the heels of a profit warning issued by the company […]
Briefs: Cadbury Nigeria Plc has reported a profit after tax (PAT) of N147.1 million compared to a loss of N250.7 million posted for the same period of 2015. The beverage and sweets producing company also declared a profit before tax of N216.4 million in the six months period ended June 30, 2016 compared to a […]
Transcorp Plc has announced a 7.5 percent increase in the Group’s profit after tax (PAT) to N1.89 billion for the six months period ended June 30, 2016 from N1.76 billion declared in the prior six months. The unaudited consolidated financial statements posted via The Nigerian Stock Exchange official website, showed that the group’s profit […]