Friday, April 26, 2024
MARKET UPDATE
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Company Analysis

FCMB expects to post N73bn profit at full-year on huge FX gains

    FCMB expects to post N73bn profit at full-year on huge FX gains

FCMB Group Plc expects to top up its after-tax profit of N49 billion at the end of the third quarter (Q3) to N73 billion at full year with a massive

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Nestlé Nigeria cuts loss to N43bn in Q3 amidst mounting exchange setback

    Nestlé Nigeria cuts loss to N43bn in Q3 amidst mounting exchange setback

Nestlé Nigeria Plc has trimmed its loss position to N43 billion at the end of the third quarter from roughly N50 billion at half year. The improvement follows a profit

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Stanbic IBTC Holdings builds N109bn profit in Q3 — strongest growth since 2014

    Stanbic IBTC Holdings builds N109bn profit in Q3 — strongest growth since 2014

Stanbic IBTC Holdings Plc built an after-tax profit of N109.2 billion at the end of the third quarter (Q3), nearly double the profit figure of N55.2 billion in the same

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Despite cost pressure, Fidelity Bank nets N92bn in 9 months 

    Despite cost pressure, Fidelity Bank nets N92bn in 9 months 

Fidelity Bank Plc faced increased pressure from costs in the third quarter, which lowered quarterly profits from N46.4 billion in the second quarter to N29.8 billion in the third to

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GTCO records N149b financial asset losses at Q3 close | Huge exchange gain boosts profit

    GTCO records N149b financial asset losses at Q3 close | Huge exchange gain boosts profit

Guaranty Trust Holding Company Plc (GTCO) faced the worst credit and financial asset losses in years in the 2023 financial

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Additional FX loss of N101bn in Q3 crashes MTN’s profit to N18.7bn

    Additional FX loss of N101bn in Q3 crashes MTN’s profit to N18.7bn

MTN Nigeria Plc piled up additional unrealised foreign exchange (FX) loss of N101.4 billion in the third quarter (Q3), which

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Zenith Bank tops up balance sheet to N18trn in Q3

    Zenith Bank tops up balance sheet to N18trn in Q3

Zenith Bank Plc grew the balance sheet by N2.1 trillion in the third quarter (Q3) to close at N18.1 trillion

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UBA lifts profit by four times to N449bn in Q3 on FX, trading income boost

    UBA lifts profit by four times to N449bn in Q3 on FX, trading income boost

United Bank for Africa (UBA) Plc multiplied after-tax profit close to four times to N449.2 billion at the end of

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Geregu Power tops up profit to N11bn in Q3, may beat full year target

    Geregu Power tops up profit to N11bn in Q3, may beat full year target

Geregu Power Plc earned roughly N4 billion profit in the third quarter (Q3), topping up to N11.3 billion for the

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Geregu Power expects profit rebound to N15bn at full year

    Geregu Power expects profit rebound to N15bn at full year

Geregu Power Plc expects to sustain its earnings rebuilding endeavour in the second half (H2) with good hopes for closing

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