Guinness Nigeria Plc managed to ease ongoing operating pressure in the first quarter by making a significant cut in interest expenses, helping it to avoid a drop in profit. The company’s bottom line was set to decline, but a significant…

Unilever Nigeria Plc navigated operational ups and downs in the second quarter and managed to eke out an after-tax profit of N1 billion for the quarter to grow the account to N4.4 billion at the half year. The company had applied a tax…

11 Plc, formerly Mobil Oil Nigeria has shown records of up and down movements on profit performance and the 2019 financial year appears to be one of a downward turn. Unstable records of profit performance have marked its earnings story long…

The N39 billion after-tax profit of Nestle Nigeria in the first quarter quickly vanished into a massive pile of accumulated losses, and the equity gap is still large enough to wipe out the company’s earnings for at least the next two…

Nestle Nigeria Plc bounced back from losses to post an after-tax profit of about N105 billion in 2025, but that’s still not enough to restore the company’s depleted equity capital. Paying dividends to shareholders is off the table for…

Guinness Nigeria Plc has rebounded from N73 billion in losses over the previous two years, buoyed by its extended 18-month financial year. However, the company remains under pressure from the huge production costs that are tripling…

Nestle Nigeria's turnaround efforts continued to show progress in the third quarter, as significant exchange losses exceeding N285 billion in last year's third-quarter operations transformed into N20.7 billion gains this year. The…

Nestle Nigeria Plc has reported a pre-tax loss of N255.38 billion in nine months of 2024, driven largely by soaring finance costs. This marks a sharp increase in losses, up by N198.73 billion compared to the same period in 2023 when…

Guinness Nigeria Plc has closed its 2024 financial year with a net foreign exchange loss of N112.3 billion which has multiplied the net loss for the year in the region of N55 billion. It was a year strewn with foreign exchange losses for…

International Breweries Plc incurred a N60.4 billion loss in the first quarter, shrinking the company's equity capital from over N115 billion to N5 billion in losses that have run for seven straight years. At the current rate,…