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Investing
UAC Upturns Loss To N7.8bn Profit – Biggest In Years
UAC of Nigeria Plc has made a big turnaround from a loss of almost N4 billion in 2022 to registering an after-tax profit of N7.8 billion for the group in 2023.
This is the biggest profit for the company in many years, just as we expected…
Presco Profit Jumps 133% In 2023 On Q4 Asset Revaluation Windfall
Presco Plc defied the off-season leanness it expected in the final quarter and lifted profit, a clear 133 per cent to N30.4 billion at the end of 2023 operations – about N6 billion ahead of its full-year target.
The final quarter…
Equity Base Eroded By PZ Cussons’ Mounting N74bn Exchange Losses
PZ Cussons Nigeria Plc has traded at huge losses for the past two quarters that heaped a loss of over N74 billion at the half year on mounting foreign exchange losses.
The consumer goods manufacturing and marketing company has piled…
Transcorp Doubles Profit To N34bn At Full-year
Transcorp Plc regained momentum in the earnings field in the final quarter which saw it closing after-tax profit of over N34 billion for the full year – more than double the prior year’s profit figure of N16.8 billion.
The final quarter…
Again, Guinness Nigeria’s Loss Growing, Nets N8bn In Q2
Guinness Nigeria Plc ended its second quarter operations with a net loss of N7.8 billion for the quarter, overwriting its first-quarter profit of N2.6 billion to produce a net loss of over N5 billion for half year.
The brewing company is…
Fidelity Bank’s Credit Losses Soar To N66bn On Final Quarter Surge
Fidelity Bank’s credit losses more than doubled in the final quarter from slightly over N32 billion at the end of the third quarter to N66 billion at full year.
The final quarter upsurge in loan losses is close to three times the N12…
Stanbic IBTC Holdings Nets N141bn At Full Year, Strongest Growth In 6 Years
Stanbic IBTC Holdings Plc has posted an after-tax profit of N140.6 billion at the end of its 2023 full year, beating its forecast of N130 billion for the year.
The profit for the year is a clear 74 percent advance from the restated…
Cornerstone Insurance Expects N13bn Full-Year Profit On Huge Forex Gains
Cornerstone Insurance Plc expects to stir the market with an after-tax profit of N12.6 billion for the full year ended 2023 – more than the company’s annual profits for the past four years put together.
The figure, which will be more…
Cadbury Nigeria’s Loss Climbs To N28b At Full Year On Bad Q4 Earnings
Cadbury Nigeria Plc turned in a loss of N17.4 billion in the final quarter which jerked up the company’s net loss from N10 billion at the end of the third quarter to N27.6 billion at the full year.
The final quarter was one of the worst…
Final Quarter Surprise Powers Unilever To N8.5bn Profit In 2023
Unilever Nigeria Plc followed an unexpected path to overturn its fortunes from a net loss of over N1 billion in the third quarter to a N6.9 billion profit in the final quarter.
That was enough for the company to make good the results of…