Company Results Archives - Nairametrics https://nairametrics.com/category/market-news/equities/company-results/ Destination for Business news and analysis from Africa's largest economy Mon, 10 Jun 2024 14:32:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Company Results Archives - Nairametrics https://nairametrics.com/category/market-news/equities/company-results/ 32 32 201037849 Geregu Power forecasts 148% year-on-year profit growth for Q3 2024 https://nairametrics.com/2024/06/10/geregu-power-forecasts-148-year-on-year-profit-growth-for-q3-2024/ https://nairametrics.com/2024/06/10/geregu-power-forecasts-148-year-on-year-profit-growth-for-q3-2024/#respond Mon, 10 Jun 2024 14:32:37 +0000 https://nairametrics.com/?p=491005 Geregu Power Plc has forecasted a profit after tax of N9.9 billion for Q3 2024, representing a 148% year-on-year increase from the N3.98 billion net income posted in Q3 2023.

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]]> https://nairametrics.com/2024/06/10/geregu-power-forecasts-148-year-on-year-profit-growth-for-q3-2024/feed/ 0 491005 Okomu Oil Palm Plc projects revenue to decline by 34.9% in Q3 2024 https://nairametrics.com/2024/06/04/okomu-oil-palm-plc-projects-revenue-to-decline-by-34-9-in-q3-2024/ https://nairametrics.com/2024/06/04/okomu-oil-palm-plc-projects-revenue-to-decline-by-34-9-in-q3-2024/#respond Tue, 04 Jun 2024 14:59:19 +0000 https://nairametrics.com/?p=490604 Okomu Oil Palm Plc has projected its revenue for the third quarter of 2024 to drop by 34.9% in the third quarter of 2024 compared to the same quarter of 2023

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]]> https://nairametrics.com/2024/06/04/okomu-oil-palm-plc-projects-revenue-to-decline-by-34-9-in-q3-2024/feed/ 0 490604 Flour Mills of Nigeria incurs N1.84 trillion expense on raw materials, posts N3.54 billion profit in FY 2023/2024   https://nairametrics.com/2024/06/03/flour-mills-of-nigeria-incurs-n1-84-trillion-expense-on-raw-materials-posts-n3-54-billion-profit-in-fy-2023-2024/ https://nairametrics.com/2024/06/03/flour-mills-of-nigeria-incurs-n1-84-trillion-expense-on-raw-materials-posts-n3-54-billion-profit-in-fy-2023-2024/#comments Mon, 03 Jun 2024 13:49:47 +0000 https://nairametrics.com/?p=490534 Flour Mills of Nigeria has published its audited financial statement for the fiscal year ending March 31, 2024, reporting a profit after tax of N3.54 billion.  

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]]> https://nairametrics.com/2024/06/03/flour-mills-of-nigeria-incurs-n1-84-trillion-expense-on-raw-materials-posts-n3-54-billion-profit-in-fy-2023-2024/feed/ 1 490534 Honeywell Flour Mills reports N8.5 billion pre-tax losses, third year in a row since Flour Mills acquisition https://nairametrics.com/2024/06/02/honeywell-flour-mills-reports-n8-5-billion-pre-tax-losses-third-year-in-a-row-since-flour-mills-acquisition/ https://nairametrics.com/2024/06/02/honeywell-flour-mills-reports-n8-5-billion-pre-tax-losses-third-year-in-a-row-since-flour-mills-acquisition/#respond Sun, 02 Jun 2024 11:17:44 +0000 https://nairametrics.com/?p=490460 Honeywell Flour Mills, one of Nigeria’s major flour milling companies reported its financial year end audited accounts, stating that it posted a loss of N8.5 billion, marking its third consecutive year of reporting pre-tax losses. 

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]]> https://nairametrics.com/2024/06/02/honeywell-flour-mills-reports-n8-5-billion-pre-tax-losses-third-year-in-a-row-since-flour-mills-acquisition/feed/ 0 490460 Oando Plc reports N74.7 billion profit for 2023, bolstering NAOC acquisition plans https://nairametrics.com/2024/06/01/oando-plc-reports-n74-7-billion-profit-for-2023-bolstering-naoc-acquisition-plans/ https://nairametrics.com/2024/06/01/oando-plc-reports-n74-7-billion-profit-for-2023-bolstering-naoc-acquisition-plans/#respond Sat, 01 Jun 2024 07:12:56 +0000 https://nairametrics.com/?p=490399 Leading energy company, Oando Plc reported its unaudited 2023 full-year results showing a 78.9% growth in revenues to N3.5 trillion. This substantial revenue increase was driven by higher sales volumes, while the bottom line benefited significantly from foreign exchange gains related to crude oil earnings. The company posted a profit after tax of N74.7 billion, […]

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]]> https://nairametrics.com/2024/06/01/oando-plc-reports-n74-7-billion-profit-for-2023-bolstering-naoc-acquisition-plans/feed/ 0 490399 Best performing banks in Q1 2024 based on pre-tax profit   https://nairametrics.com/2024/05/31/best-performing-banks-in-q1-2024-based-on-pre-tax-profit/ https://nairametrics.com/2024/05/31/best-performing-banks-in-q1-2024-based-on-pre-tax-profit/#respond Fri, 31 May 2024 07:24:45 +0000 https://nairametrics.com/?p=490323 After an impressive financial performance in 2023, banks have continued to record impressive figures in the first quarter of the year.  

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]]> https://nairametrics.com/2024/05/31/best-performing-banks-in-q1-2024-based-on-pre-tax-profit/feed/ 0 490323 Nigerian Banks that made the most profit from outside Nigeria in 2023 https://nairametrics.com/2024/05/30/nigerian-banks-that-made-the-most-profit-from-outside-nigeria-in-2023/ https://nairametrics.com/2024/05/30/nigerian-banks-that-made-the-most-profit-from-outside-nigeria-in-2023/#respond Thu, 30 May 2024 05:22:25 +0000 https://nairametrics.com/?p=490165 Nigerian banks recorded an impressive performance in 2023, driven by policy shifts including increased interest rates to combat inflation and Naira devaluation, which led to foreign exchange gains and substantial growth in interest income.

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]]> https://nairametrics.com/2024/05/30/nigerian-banks-that-made-the-most-profit-from-outside-nigeria-in-2023/feed/ 0 490165 FBN Holdings posts 325% profit growth in first quarter of 2024  https://nairametrics.com/2024/05/27/fbn-holdings-posts-325-profit-growth-in-first-quarter-of-2024/ https://nairametrics.com/2024/05/27/fbn-holdings-posts-325-profit-growth-in-first-quarter-of-2024/#respond Mon, 27 May 2024 16:49:55 +0000 https://nairametrics.com/?p=490026 FBN Holdings Plc has released its unaudited financial results for the first quarter of 2024, posting a pre-tax profit of N238.5 billion, which marks 325% year-on-year growth from the N56.1 billion posted in the same quarter of 2023.  

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]]> https://nairametrics.com/2024/05/27/fbn-holdings-posts-325-profit-growth-in-first-quarter-of-2024/feed/ 0 490026 2024 Q1: VFD Group reports N3 billion in pre-tax profits https://nairametrics.com/2024/05/27/2024-q1-vfd-group-reports-n3-billion-in-pre-tax-profits/ https://nairametrics.com/2024/05/27/2024-q1-vfd-group-reports-n3-billion-in-pre-tax-profits/#respond Mon, 27 May 2024 00:43:44 +0000 https://nairametrics.com/?p=489958 VFD Group Plc, a leading proprietary investment company, has released its financial statements for the first quarter of 2024.

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]]> https://nairametrics.com/2024/05/27/2024-q1-vfd-group-reports-n3-billion-in-pre-tax-profits/feed/ 0 489958 2023 FY: VFD Group reports first loss as a publicly listed company https://nairametrics.com/2024/05/25/2023-fy-vfd-group-reports-first-loss-as-a-publicly-listed-company/ https://nairametrics.com/2024/05/25/2023-fy-vfd-group-reports-first-loss-as-a-publicly-listed-company/#respond Sat, 25 May 2024 18:24:17 +0000 https://nairametrics.com/?p=489919 VFD Group released its 2023 full-year results showing gross earnings rose 31.9% to N45.1 billion. 

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]]> https://nairametrics.com/2024/05/25/2023-fy-vfd-group-reports-first-loss-as-a-publicly-listed-company/feed/ 0 489919 FBN Holdings releases 2023 audited accounts, profits surge by 128% https://nairametrics.com/2024/05/23/fbn-holdings-releases-2023-audited-accounts-as-profits-surge-128/ https://nairametrics.com/2024/05/23/fbn-holdings-releases-2023-audited-accounts-as-profits-surge-128/#comments Thu, 23 May 2024 17:09:30 +0000 https://nairametrics.com/?p=489778 FBN Holdings Plc, the parent company of FirstBank, has released its audited financial statements for the year ended December 2023.

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]]> https://nairametrics.com/2024/05/23/fbn-holdings-releases-2023-audited-accounts-as-profits-surge-128/feed/ 1 489778 Ecobank’s pre-tax profit grows 249% to N202 billion in Q1 2024 https://nairametrics.com/2024/05/22/ecobanks-pre-tax-profit-grows-249-to-n202-billion-in-q1-2024/ https://nairametrics.com/2024/05/22/ecobanks-pre-tax-profit-grows-249-to-n202-billion-in-q1-2024/#respond Wed, 22 May 2024 05:30:20 +0000 https://nairametrics.com/?p=489587 Ecobank Transnational Incorporated (ETI) posted a pre-tax profit of N201.5 billion during the quarter ending March 31, 2024. This marks a 249% year-on-year growth from the N57.7 billion posted during the corresponding quarter in 2023.

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]]> https://nairametrics.com/2024/05/22/ecobanks-pre-tax-profit-grows-249-to-n202-billion-in-q1-2024/feed/ 0 489587 Nigerian REITs earn N2.16 billion in rents for 2023 https://nairametrics.com/2024/05/21/nigerian-reits-earn-n2-16-billion-in-rents-for-2023/ https://nairametrics.com/2024/05/21/nigerian-reits-earn-n2-16-billion-in-rents-for-2023/#respond Tue, 21 May 2024 13:51:08 +0000 https://nairametrics.com/?p=489549 Nigerian Real Estate Investment Trusts (REITs), including UH REIT, SFS REIT, and UPDC REIT, recorded a rental income of N2.16 billion for 2023. This marks a 12% increase from the N1.93 billion recorded as rental income in 2022.

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]]> https://nairametrics.com/2024/05/21/nigerian-reits-earn-n2-16-billion-in-rents-for-2023/feed/ 0 489549 Forex crunch pushes Berger Paints, CAP’s input costs to N17.2 billion in 2023 https://nairametrics.com/2024/05/20/forex-crunch-pushes-berger-paints-caps-input-costs-to-n17-2-billion-in-2023/ https://nairametrics.com/2024/05/20/forex-crunch-pushes-berger-paints-caps-input-costs-to-n17-2-billion-in-2023/#respond Mon, 20 May 2024 15:26:34 +0000 https://nairametrics.com/?p=489477 Rising costs of key raw materials due to escalating foreign Exchange have also continued to affect the operations of the companies with a negative effect on their profit margins.

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]]> https://nairametrics.com/2024/05/20/forex-crunch-pushes-berger-paints-caps-input-costs-to-n17-2-billion-in-2023/feed/ 0 489477 Jaiz Bank posts pre-tax profit of N11billion for FY 2023 https://nairametrics.com/2024/05/20/jaiz-bank-posts-pre-tax-profit-of-n11billion-for-fy-2023/ https://nairametrics.com/2024/05/20/jaiz-bank-posts-pre-tax-profit-of-n11billion-for-fy-2023/#comments Mon, 20 May 2024 11:08:08 +0000 https://nairametrics.com/?p=489435 Jaiz Bank Plc has announced its audited financial results for 2023, reporting a profit before tax of N11.1 billion. This is a 67% increase from the N6.6 billion profit recorded in 2022.

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]]> https://nairametrics.com/2024/05/20/jaiz-bank-posts-pre-tax-profit-of-n11billion-for-fy-2023/feed/ 1 489435 GT Fund Managers reports 374% growth in assets under management in 2023 https://nairametrics.com/2024/05/13/gt-fund-managers-reports-374-growth-in-assets-under-management-in-2023/ https://nairametrics.com/2024/05/13/gt-fund-managers-reports-374-growth-in-assets-under-management-in-2023/#respond Mon, 13 May 2024 17:32:17 +0000 https://nairametrics.com/?p=488801 GT Fund Managers (GTFM), the investment management business of GTCO Holdings, reported its total Assets Under Management (AUM) as N330.5 billion in 2023.

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]]> https://nairametrics.com/2024/05/13/gt-fund-managers-reports-374-growth-in-assets-under-management-in-2023/feed/ 0 488801 PZ Cussons Nigeria’s market value drops by 19.94% in two days amid low investor confidence   https://nairametrics.com/2024/05/10/pz-cussons-nigerias-market-value-drops-by-19-94-in-two-days-amid-low-investor-confidence/ https://nairametrics.com/2024/05/10/pz-cussons-nigerias-market-value-drops-by-19-94-in-two-days-amid-low-investor-confidence/#respond Fri, 10 May 2024 04:53:34 +0000 https://nairametrics.com/?p=488491 During the past two trading sessions, the share price of PZ Cussons Nigeria witnessed a depreciation of 19.94%, settling at N30.80 per share at the close.  

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]]> https://nairametrics.com/2024/05/10/pz-cussons-nigerias-market-value-drops-by-19-94-in-two-days-amid-low-investor-confidence/feed/ 0 488491 Daar Communications reports N1.6 Billion loss, revalues assets https://nairametrics.com/2024/05/09/daar-communications-reports-n1-6-billion-loss-revalues-assets/ https://nairametrics.com/2024/05/09/daar-communications-reports-n1-6-billion-loss-revalues-assets/#respond Thu, 09 May 2024 14:29:43 +0000 https://nairametrics.com/?p=488441 Daar Communications Plc, the parent company of AIT, disclosed a significant financial downturn in its latest annual report, posting a loss of N1.6 billion for the year ended December 31, 2023.

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]]> https://nairametrics.com/2024/05/09/daar-communications-reports-n1-6-billion-loss-revalues-assets/feed/ 0 488441 Airtel Africa posts $89 million net loss in FY 2023/2024 as Naira devaluation takes its toll https://nairametrics.com/2024/05/09/airtel-africa-posts-89-million-net-loss-in-fy-2023-2024-as-naira-devaluation-takes-its-toll/ https://nairametrics.com/2024/05/09/airtel-africa-posts-89-million-net-loss-in-fy-2023-2024-as-naira-devaluation-takes-its-toll/#respond Thu, 09 May 2024 10:36:42 +0000 https://nairametrics.com/?p=488409 Airtel Africa Plc released its full-year financial statement for the year ending March 31, 2024. The company posted a loss after tax of $89 million during the fiscal year, a significant decline from the $750 million profit after tax recorded in the previous fiscal year.

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]]> https://nairametrics.com/2024/05/09/airtel-africa-posts-89-million-net-loss-in-fy-2023-2024-as-naira-devaluation-takes-its-toll/feed/ 0 488409 Airtel incurs $1.7 billion in foreign exchange loss over currency devaluation in Nigeria, Malawi https://nairametrics.com/2024/05/09/airtel-incurs-1-7-billion-in-foreign-exchange-loss-over-currency-devaluation-in-nigeria-malawi/ https://nairametrics.com/2024/05/09/airtel-incurs-1-7-billion-in-foreign-exchange-loss-over-currency-devaluation-in-nigeria-malawi/#respond Thu, 09 May 2024 07:56:25 +0000 https://nairametrics.com/?p=488404 Airtel Africa, Nigeria's second largest telecoms company has reported significant financial setbacks due to currency devaluations in several of its key markets, notably Nigeria and Malawi, resulting in a staggering $1.7 billion in derivative and foreign exchange losses.

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]]> https://nairametrics.com/2024/05/09/airtel-incurs-1-7-billion-in-foreign-exchange-loss-over-currency-devaluation-in-nigeria-malawi/feed/ 0 488404