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Q3 Loss Slashes Unilever’s Profit To N1.7bn
A net loss of over N1 billion in the third quarter has slashed Unilever Nigeria’s closing profit from N2.7 billion at the half-year to less than N1.7 billion at the end of the third quarter.
Operating results worsened for the second…
Okomu Oil Palm Rebuilds Profit To N21bn In Q3 On New Momentum
Okomu Oil Palm Plc regained operating momentum in the third quarter after losing revenue and profit in its critical second quarter.
The upturn enabled the oil palm-producing company to raise profit by about 16 percent to slightly…
Access Holdings’ Revenue Jumps To N1.6trn In Q3 But Rising Cost Shrinks Margins
Access Holdings Plc gained speed on its earnings growth track in the third quarter with gross earnings accelerating from 59 percent increase at half-year to 75.7 percent to close at almost N1.6 trillion at the end of September 2023.
More…
United Capital Speeds Up Profit To N8.5bn On Q3 Upturn
United Capital Plc gained speed on the earnings front in the third quarter when it achieved an upturn in group quarterly profits to push the nine-month position to N8.5 billion.
Quarterly profit figures took a leap forward from N2.4…
Exchange Loss Pushes Dangote Sugar Refinery’s Net Loss To N41bn In Q3
Dangote Sugar Refinery Plc experienced further swelling of foreign exchange loss from N83 billion at the half year to N91 billion at the end of the third quarter. That has jerked up the pre-tax loss from N31.4 billion at the end of June to…
Production Cost Gulps Unilever’s Revenue, Profit In Q2
Rising production cost outmatched growth in sales revenue for Unilever Nigeria Plc by close to two and half times, which dried up profit in the second quarter. Input costs grew by about N11 billion in the quarter or 67 percent to over N27…
Nestle Nigeria, Nigerian Breweries, Cadbury Nigeria In N145.06bn Loss
From a total profit of N81.5 billion in the third quarter of 2022, three multinational companies, Nestle Nigeria Plc, Nigerian Breweries Plc, and Cadbury Nigeria Plc have declared a N145 billion loss in the third quarter (Q3) of 2023,…
Nascon Allied’s Profit Quadruples To N5.8bn At H1
Nascon Allied Industries Plc maintained the high-speed growth on the earnings track seen in the first quarter and multiplied profit about four times to N5.8 billion at the end of half-year operations.
Earnings growth of the salt…
N85bn Foreign Exchange Loss Worsens Nigerian Breweries At H1
Nigerian Breweries Plc incurred a net foreign exchange loss of over N85 billion at the half-year, which extended the company’s loss position from N10.7 billion in the first quarter to N47.6 billion at the half-year.
The second quarter of…
Lafarge Africa Still Losing Profit Despite Improved Q2
Lafarge Africa Plc has eased the operating pressure that caused a 15 percent profit drop in the first quarter but the cement-producing and marketing company still closed half-year operations with profit down at N35.5 billion.
The…