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Audited and Interim Results of Nigerian Companies.

Dangote Sugar Refinery Plc

Cost Gains boost Dangote Sugar’s earnings and margins

Dangote Sugar Refinery Plc posted Q1:2019 revenues of NGN38.15bn, which is 7.72% lower than the NGN41.14bn generated in Q1:2018.
EFCC raif of MTN Nigeria

One bad info from MTN’s incredible result

Telecom Giant, MTN Nigeria, released its 2019 first quarter results ahead of its planned listing on the Nigerian Stock Exchange later this week.
May Baker Nigeria Plc

May & Baker’s top-line dips following food business disposal

Following the divestment of its foods business which, on average, accounts for 23.36% of its revenue, May & Baker Nigeria Plc recorded a dip of 14.22% in topline from its continued operations, with turnover settling at NGN1.87bn.
MTN Nigeria Listing

MTN Nigeria’s first quarter blow out result in summary

MTN Group Limited, the parent company of MTN Nigeria, has released its financial result for the first quarter period ended March 31st, 2019.
CCNN announces dividend payment for FY 2018

2019 Q1: CCNN reports revenue growth of 213% after merger

Cement Company of Northern Nigeria Plc (CCNN), has recorded a laudable financial result in the first quarter period ended March 31, 2019.
May & Baker Nigeria Plc

May & Baker reports N196.4m as Profit Before Tax in Q1 2019

May & Baker Nigeria Plc have just recently disclosed its financial statement for Q1 period ended March 31st. Below are the key highlights of the results:
Royal Dutch Shell Plc

Shell hits $6bn profit for Q1 2019, distributes $3.9bn dividends

Royal Dutch Shell Plc has released its Q1 2019 result. The official earning declaration shows the company made $6 billion profit.
Forte Oil Plc

Quick Take: Forte Oil Plc’s Profit After Tax grows by 13.7% in Q1 2019

Petroleum company, Forte Oil Plc, have released its financial statement for Q1 period ended March 31st. Here are the key highlights of the result
NSIA announces N57billion earned income, reveals 2019 outlook

NSIA announces N57bn earned income, reveals 2019 outlook

Nigeria Sovereign Investment Authority (NSIA) has declared N57.73bn as total income earned in 2018.
Stanbic IBTC

Stanbic IBTC’s bottomline declines on lower non-interest income, write-backs

Stanbic IBTC's Q1 2019 results showed a mild growth of 2% y/y in Gross Earnings to N58.7bn (annualised; N234.7bn), coming in below our 2019 estimate of N239.3bn on an annualised basis.
Nigerian Breweries Plc

Industry Headwinds dampen outlook on top brewer, Nigerian Breweries Plc

Nigerian Breweries Plc. (NB) reported a growth of 3.33% and 0.38% in gross and net revenues. Net revenue settled at NGN83.28bn in Q1:2019.
Dangote Cement Plc

Dangote Cement’s Q1 Result: Weak topline and higher OPEX drive weak earnings

Dangote Cement Plc has reported a marginal decrease of 0.8% y/y in revenue to N240.2bn in Q1 2019 from N242.1bn in Q1 2018.
Oando Plc

Oando PLC Announces Q1 2019 Results, Posts N4.6 Billion Profit-After-Tax

Oando Plc today announced unaudited results for the three months period ended March 31, 2019. The results shows an 11% increase in PAT.
Fidelity Bank Plc to become Tier-1 bank, Fidelity Bank five year plan, Fidelity mobile money transfer

Quick take: Fidelity Bank starts year on a good note as earnings beat estimates

Fidelity Bank Plc kicked off 2019 on an impressive note as Q1 2019 results showed that Gross Earnings grew 11.8% y/y to N48.4bn.
Okomu Oil Palm Company Plc declares N3 dividend for FY 2018

Okomu Oil’s faltering revenue growth dampens performance

After three years of revenue growth, supported by higher CPO (Crude Palm Oil) prices at the international market, OKOMUOIL posted a marginal decline in revenue (-0.02%)
Fidson Healthcare Plc

ANALYSIS: How Finance cost dragged Fidson Healthcare Plc’s earnings

Fidson Healthcare Plc. (FIDSON) continued where the previous year’s revenue chase left off, bringing FY2018 to a close of NGN16.23bn which translates to a growth of 15.45% (vs. NGN14.06 in FY2017).
Wema Bank Plc

On Wema Bank’s dividend payment after fifteen long years

Wema Bank Plc achieved 9.59% growth in gross earnings to NGN71.53bn, driven by an uptick in both interest (+8.60%) and non-interest income (+13.93%).
GTBank's FY 2018 financial result

GTBank releases Q1 2019 unaudited results, reports profit before tax of ₦57.0bn

Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges.
FBN Holdings, FBN Holdings Annual general Meeting, FBN General Insurance Limited CEO Bode Opadokun, FBN General Insurance Limited 2018 financial result

FBN Holdings Plc reports 31.4% growth in profit after tax for the year ended...

FBN Holdings Plc has announced its audited results for the full year ended 31 December 2018.
CCNN announces dividend payment for FY 2018

CCNN beats prediction, records net profit of NGN5.7bn in FY 2018

Cement Company of Northern Nigeria, CCNN, producers of Sokoto Cement, has reported a net profit of N5.7bn (US$15.75m).
United Africa Company of Nigeria Plc

Quick Take: Real Estate and Animal feeds segments drag UACN’s earnings

The firm posted a Pre-tax loss of N5.5bn in FY 2018 compared to a Pre-tax Profit of N3.2bn in FY 2017 and CSLís estimate of N1.1bn. The Pre-tax loss was largely due  to Impairments totalling N7.1bn.
Dangote Sugar Plc

FY 2018: Dangote Sugar Plc’s profit drops by 44.8%

The company's profit after tax also dropped from N40 billion in 2017 to N22 billion in 2018. This represents a 44.8 per cent decrease.
United Bank for Africa Plc

ANALYSIS: Is UBA’s high funding cost pressuring NIMs?

The bank reported NIMs of 6.2% in FY 2018 compared to 7.0% in 2017. We estimate NIMs will close 2019e at 6.3%.
Sterling Bank Plc FY 2018 results

Quick Take: Sterling Bank’s earnings momentum slows on cost inefficiencies

Sterling Bank's (Sterling) FY 2018 results showed that Gross Earnings grew 14% y/y to N152.2bn, slightly below our FY 2018 estimate of N153.2bn.

FCMB sustains performance with N177.4bn revenue, achieves 73% profit increase

FCMB Group Plc has released its financial results for the year ended December 31, 2018, reporting a gross revenue of N177.4 billion
Fidelity Bank Plc to become Tier-1 bank, Fidelity Bank five year plan, Fidelity mobile money transfer

Quick Take: Record PBT of N25bn caps Fidelity’s FY 2018 performance

Fidelity Bankís (Fidelity) FY 2018 results showed that Gross Earnings grew 4.8% y/y to N188.8bn, well above our FY 2018 estimate of N182.1bn.
United Capital Plc

Shareholders express delight over United Capital’s FY 2018 results

The company also used the occasion to declare a 30 kobo per share dividend. The shareholders approved.
NOVA Merchant Bank Plc

NOVA Merchant Bank Limited declares N1.15bn in PAT, continues to focus on growth

NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018.
Seplat Petroleum Development Company, Environmental pollution, Industrial flares, Seplat Petroleum 2018 2018 result

Deferred tax dragged Seplat Petroleum’s 2018 profit down

Seplat Petroleum released its full-year (FY) 2018 financial statement which shows a 65.16% increase in revenue (year-on-year) to N228.39 billion.
Financial statements

See excuses these companies are giving ahead of late filing 2018 results

The listing rules of the Nigerian Stock Exchange require quoted companies to submit their full-year audited financial statements latest March 31st.


Canada invited 3,357 Express Entry candidates with scores as low as 300

Canada invited 3,357 Express Entry Candidates with scores as low as 300

Canadian province, Alberta, has issued a total of 3,357 invitations to apply for a provincial nomination for Canadian Permanent Residency (PR) to Express Entry candidates with Comprehensive Ranking System scores as low as 300.
Treasury Bills

Daily Update: T-Bills Market turns bearish as CBN resumes OMO sales

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds. This is brought to you by Zedcrest.

Purported EFCC raid on MTN Nigeria head office might be false

There were wild media reports, late Friday night, purporting that the Economic and Financial Crimes Commission (@officialEFCC) raided the head office of @MTNNG. This might be wrong.