Dangote Sugar Refinery Plc posted Q1:2019 revenues of NGN38.15bn, which is 7.72% lower than the NGN41.14bn generated in Q1:2018.
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 Group Limited, the parent company of MTN Nigeria, has released its financial result for the first quarter period ended March 31st, 2019.
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 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 has released its Q1 2019 result. The official earning declaration shows the company made $6 billion profit.
Petroleum company, Forte Oil Plc, have released its financial statement for Q1 period ended March 31st. Here are the key highlights of the result
Nigeria Sovereign Investment Authority (NSIA) has declared N57.73bn as total income earned in 2018.
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. (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 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 today announced unaudited results for the three months period ended March 31, 2019. The results shows an 11% increase in PAT.
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.
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. (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 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%).
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 Plc has announced its audited results for the full year ended 31 December 2018.
Cement Company of Northern Nigeria, CCNN, producers of Sokoto Cement, has reported a net profit of N5.7bn (US$15.75m).
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.
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.
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'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 Group Plc has released its financial results for the year ended December 31, 2018, reporting a gross revenue of N177.4 billion
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.
The company also used the occasion to declare a 30 kobo per share dividend. The shareholders approved.
NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018.
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.
The listing rules of the Nigerian Stock Exchange require quoted companies to submit their full-year audited financial statements latest March 31st.