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Investing
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…
Jaiz Bank Expects N9bn Profit At Full Year With Strong Q4 Earnings
Jaiz Bank Plc, the non-interest banking financial services provider, expects a strong final quarter earnings delivery to crown its high-speed growth in the 2023 financial year with an after-tax profit in the region of N9 billion.
The final…
Custodian Investment Expects N14bn Full-Year Profit, Earns 47% Of Nine-month Profit In Q3
Custodian Investment Plc expects a bottom line of N14 billion for its 2023 full-year operations after a robust third quarter that produced N5.5 billion profit or 46.6 percent of the closing nine-month figure.
The company’s earnings…
Totalenergies Expects Major Profit Drop In Q4, Sustained Drop For Second Year
Totalenergies Marketing Nigeria Plc expects that its final quarter operations in 2023 will deliver a disappointing drop in profit from N3.6 billion in the same period in the preceding year to N1.6 billion, according to the company’s…
UACN’s Earnings Outlook: Expect The Biggest Profit In Years Amidst Concerns
UAC of Nigeria Plc is one of the listed companies with a good earnings story for shareholders for 2023 operations, and it will deliver the biggest profit in many years.
The conglomerate, which has seen profits only four times in nine…
Cadbury Board Offers Fresh 4.42% Shares To Overseas Investor Over Inability To Pay $7.7m Debt
Cadbury Nigeria has offered to cede an additional 402 million shares or 4.42 per cent equity in exchange for the $7.7 million (N7.03 billion) debt owed to Cadbury Schweppes Overseas Limited.
Cadbury Schweppes Overseas Limited, controlled…
Fidelity Bank Q3: Credit Losses Jump To N32bn In Q3 As Profits Slow Down
Fidelity Bank Plc piled up loan losses to over N32 billion at the end of the third quarter, which lowered quarterly profits from N46.4 billion in the second quarter to less than N30 billion in the third.
Bad loan charges of more than N12…
Jump In Costs Slow Down Transcorp’s Profit To N22.7bn In Q3 2023
Transcorp Plc experienced all-around cost increases from cost of sales to income tax expenses in the third quarter – which caused a profit drop in the quarter and slowed down the nine months profit to N22.7 billion.
Quarterly profits…