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Company Results

Audited and Interim Results of Nigerian Companies.

International Breweries' loss before tax increases by 148% in FY 2018

International Breweries’ loss before tax increases by 148% in FY 2018

International Breweries Plc, has disclosed its financial statement for the full-year period ended Dec 31st, 2018. Here are the highlights of the result
Red Star Express Plc cargo business

Red Star Express Plc increases dividend payout by 7.2% year on year

Red Star Express Plc has proposed to pay its shareholders N253 million worth of dividends for the financial year ended March 31st, 2019. This will translate to 43 kobo per share. 
Honeywell flour mills plc, fy 2019

Honeywell Flour Mills Plc records 98% profit decline in FY 2019

Honeywell Flour Mills Plc has disclosed its financial result for the financial period period ended March 31st, 2019. We have the details...
CAP Plc will use its entire profit after tax to pay dividends

CAP Plc will use its entire profit after tax to pay dividends

Chemical and Allied Products (CAP) Plc, a subsidiary of UAC of Nigeria Plc, has declared a dividend of 290 kobo per share for the financial year 2018.
Stanbic IBTC Dividend 2018

Shareholders endorse Stanbic IBTC’s N15.36 billion dividend payout for 2018

Shareholders of Stanbic IBTC Holdings Plc yesterday approved a dividend payment of N15.36 billion, proposed by the board, for the 2018 financial year.
Shareholders endorse Eterna Plc's dividend payment despite decline in profit

Shareholders endorse Eterna Plc’s dividend payment despite decline in profit

Shareholders of Eterna Oil and Gas Company Limited have approved a total dividend payout of N326 million for the financial year ended 2018, translating to 25 kobo per every 50 kobo ordinary share held.
MTN Nigeria Plc

MTN Nigeria releases FY 2018 results, as investors are advised to hold off stock...

@MTNNG has released its consolidated and separate financial statements for 2018. The company's revenue grew by 17% when compared to 2017. Investors have been advised to hold off stock buying.
Maggi Signature

Shareholders Approve Nestle’s N38.5 Per Share Final Dividend

Nestle Nigeria PLC's shareholders have approved a final dividend of N30.517 billion, which translates to N38.5 per share for the 2018 financial year. The approval was given during the company's 50th Annual General Meeting which recently held in Lagos.
Berger Paints Plc

Berger Paints declares N188 million dividend, reveals expansion Plans

Berger Paints Nigeria PLC has revealed strategies and interventions aimed at improving its operational processes for long-term sustainable growth.
Zenith Bank Plc

This bank is bracing up for lower yields in the treasury market

In the first quarter of 2019, Zenith Bank’s gross earnings dipped by 6.55% to N158.11 billion, dragged by lower non-interest revenue despite the 4.94% uptick in interest income.
Computer Warehouse Group Plc first quarter 2019 result, CWG Plc CEO Adewale Adeyipo, CWG Plc Bloomberg

CWG’S CEO addresses rising operating costs and other company issues

@CWGAfrica's CEO has explained that the recent increase in the company's operating cost from N401,554m in Q1 2018 to N549,048m in Q1 2019 was due to a one-time investment that is needed to position the ICT firm for growth.
NASCON’s Q1:2019 financial result

Sticky cost structure mars Nascon Allied Industries’ profit margins

NASCON’s Q1:2019 financial result showed some marginal improvement as its revenue grew by 0.77% to N6.82 billion relative to N6.78bn in Q1:2018.
Veritas Kapital Insurance Plc

Veritas’ gross premium rises 40% in 2018 as insurance companies struggle

@veritaskapital has released its consolidated and separate financial statements for the year ended December 31, 2018, posting a 40% increase in its gross premium.
Vitafoam Nigeria Plc, Dividends and bonus shares, Subsidiaries

Vitafoam’s Half-Year results temporarily pushed stock to a 3-year high

Vitafoam Nigeria Plc's share price attained a 3-year high on Wednesday, thanks to the significantly-positive half-year 2019 results posted by the mattress-maker.
Assa North and Ohaji South, Seplat at the London Stock Exchange, ANOH Gas Processing, Seplat denies owing FG, Seplat Petroleum pays N10.6bn dividend for FY 2018, Presidential Panel investigate Seplat and NPDC, Seplat short-change FG, Seplat Petroleum Development Company

Seplat Petroleum pays N10.6bn dividend for FY 2018

Seplat Petroleum Development Company Plc has paid N18 dividend per share to its shareholders for the 2018 financial year.
Ravindra Singh Singhvi

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 Plc

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 Plc

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, Femi Otedola, Forte Oil to change name, Olumide Adeosun

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 versus SEC

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, SMEs, DBN,

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%)

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President Muhammadu Buhari, new minimum wage

FG’s new minimum wage implementation does not apply to everyone

President Muhammadu Buhari has ordered the immediate implementation of the N30,000 new minimum wage, but it is not for everyone.
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SCOOP: MTN workers to stay home as students reportedly picket headquarters [Update]

Staff of @MTNNG have reportedly been told to stay back at home after the company received a warning of a planned protest by Nigerian students.