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Analysis

Analysis of companies, stocks, investments, products and services, economy, budgets, business decisions in the Nigerian economic space.

Report: ARM Recommends You Sell Your Guinness Shares Now

There you have it, ARM have placed a 'SELL' on Guinness Stock. I have blogged severally about Guinness Stock (check related post below) placing...

NPF (Police Bank) Post N531Million PAT, Proposes 10Kobo Per Share Dividend

NPF MICROFINANCE BANK PLC 2012 AUDITED FULL YEAR: Total Operating Income N1,917,183m Total Operating Expenses N1,231,543m Profit Before Tax N685,640m Tax N154,691.00m Profit After...

Fidelity Bank Post N5.9Billion Pat For Q1 2013

  Fidelity Bank released its Q1 results with Pre-Tax profit of N5.9billion. Strangely the released results showed to comparisons to the prior quarter (Q1 2012)...

Transcorp Plc Post Strong Earnings: PAT Up 166% To N2.5Billion

    Transcorp Plc released its 2012 FY earnings posting a Profit After Tax of N2.5billion up from N952million posted in 2011. Its revenue (mainly dividend...

Nigerian Miracle? Banks collectively post an astronomical N544.8billion PAT in 2012. But that’s not...

Someone once told me only Nigerian banks reverse their fortunes in such a short time and by such gigantic margins that you beg to...

MRS Oil Post Poor PAT Results For FY And Q1…But Declare Dividends

MRS Oil Plc released a double dose of 2012 FY and 2013 Q1 results today. The company posted a N79.7billion revenue representing an increase...

Cadbury Nig Plc Release 2013 Q1 Results: Cost Cutting Seems to Be Working

Cadbury Nig Plc released its 2013 Q1 earnings with revenue rising 16% to N8.3billion. Gross Profit also improved sharply to N3.2billion (2012: N2.2billion) in...

Total Nig Plc 2013 Q1 Results: Hit By Finance Cost

Total Nigeria Plc released its 2013 Q1 results with revenue rising 20% to N61billion. Gross Profit also rose 28% to N7.7billion as margins improved...

Okomu Oil Share Price Marked Down – Buy Opportunity?

Okomu Oil Plc shares have now been marked down following the one for one bonus issue. I had singled the stock as a buy...

CCNN PLC post improved 2013 Q1 results

Cement Company of Northern Nigeria, CCNN released its Q1 2013 results with revenues rising 19% to N5billion (2011: N4.2billion). Operating profit also rose 42%...

Pharmadeko Post Dismal Q1, 2013 Results

Pharmadeko Plc released its 2013 Q1 results with revenue increasing 7.7% to N260million compared to the same period in 2012. Operating Profit also slipped...

UBA Group Post Higher 2013 Q1 Pre-Tax Profits

UBA Group Plc has released its Q1 2013 results with Net Interest Income rising 23% to N27.1billion. Income from commission and fees also increased...

Guinness Post Lower Than Expected 9months Pre-Tax Profits For 2013

Guinness Nigeria Plc has released its 9months unaudited report with revenues rising marginally by just 2% to N88billion. Gross profit remained nearly flat at...

Aricanized!! UBA Africa Operations Contributes 23% Of Its Profits And Expect 50% By 2015!!

  Sometimes I forget the word UBA was an acronym for United Bank of Africa. UBA has about 19 branches spread across Africa and contributes...

UBA Plc Is Back To Profitability – Post Impressive N51.4billion PAT!!

  UBA Plc finally released its 2012 audited accounts with profits after tax of N51.4billion. This ensures the bank is back to profitability after  a...

UAC Plc Post Increased Pre-Tax Profits For Q1 2013

UAC Plc released its 2013 Q1 accounts with revenues rising 30% to N19.4billion. Operational profit also rose 14% to N1.7billion from N1.5billion posted Q1...

Dangote Sugar Post N4billion Pre-Tax Profits For Q1 2013

Dangote Sugar released 2013 Q1 earnings with revenue remaining nearly flat at N27.6billion. However, gross profit improved to 33% to N6.9billion as cost of...

Dismal: May And Baker Post N76million PAT

  May and Baker released its 2012 Audited Accounts with revenue rising 17% to N5.6billion. Operating profit dropped 52% to N221million at the end of...

Ashaka Cement Post N3billion PAT For FY 2012

  Ashaka Cement released its 2012 full year audited accounts showing revenue increased 5% to N21.8billion. The company also saw a rise in Gross profits...

Sharp Decline In Pbt: Okomu Oil Palm Post N492million Pre-Tax Profits

Okomu Oil Palm released its 1st quarter 2013 earnings with revenue dropping 35% to N1.8billion. Gross Profit margin also dropped 50% to N1.2billion during...

Slow But Steady: Wapco Lafarge Post Q1 Pre-Tax Profits Of N7.1billion

Wapco Lafarge released its Q1 2013 earnings with rising moderately by 3% to N23billion (2013: N22billion). Operating profit fared better at a 7.7% rise...

FBN Holdings Plc 2012 Earnings Reveal Tripple Rise In Pat…But Not Enough To Beat...

FBN Holdings Plc (owners of First Bank) released a double dose of earnings report last week (29/4/2013-3/5/2013) which included its 2012 audited accounts and...

Nigerian Breweries (Nbl) Post N13.6billion Pre-Tax Profits – Flat Growth Persists

Nigerian Breweries Plc released its 2013 Q1 unaudited accounts with revenues rising slightly (4.6%) to N64.5billion (2011: N61.76billion). Operating profit at the end of...

Nascon Post Impressive N4b Pre-Tax Profit. Proposes Dividend Yielding Nearly 10%??!!

Nascon released its 2012 Audited Accounts posting a year on year rise In revenues by 30% to N13.4billion. Operating profit also rose 26% during...

Dangote Cement Post Strong 2013 Q1 Pre-Tax Profit Of N53billion

Who does 50% profit margin year after year? Following its impressive 2012 financial year, Dangote Cement released its first quarter 2013 earnings with revenues...

GSK PLC POST N2.8BILLION PAT – BUY? BUY!!

  GSK Plc, the leading pharmaceutical company has released its 2012 Audited accounts with revenues jumping 17.6% year on year to N25.3billion (2011: N21.5billion). Operating...

UNION BANK PLC IS BACK TO PROFITABILITY BUT…..

  If I was told to predict Union Bank's results at the end of the year ended December 2012, I would have lost out horribly....

2012 Results Sees Fcmb Back To Profitability – No Dividend But 1 For 25...

FCMB Bank released a double dose of full year audited accounts for 2012 and first quarter unaudited accounts for the period ending  March 2013....

Finally, Venture Capital, Private Placement, Startups Have A Market For Accessing Funds

  FInally, it's here...the National Association of of Securities Dealers (NASD) have announced that the Over the Counter Market (OTC) for trading of shares of unlisted...

Forte Oil Post Pre-Tax Profits For Q1 2013

  Forte Oil Plc released its 2013 Q1 earnings with revenue dipping year on year by 6% to N26.6billion. Operating profit also dipped 6% to...