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COMPANY RESULTS
MTN Nigeria has recorded total revenue of N975.76 billion for Q3 2020, moving up from N856.549 billion recorded in the corresponding period in 2019.
Lafarge got a major boost from an increase in its cement revenue-generating unit, but revenues from aggregate and concrete decreased.
The company announced that it has upsized its flagship $1.675 billion multi-tranche revolving credit facility.
The revenue of the Telcos increased from N 2.245 trillion in year 2018 to N 2.468 trillion as at the end of Year 2019.
The decline in revenue is attributable to the fall in sales from the core segment of the group.
Despite being affected by the COVID-19 pandemic, Nigerian Breweries share price has increased in value.
A cursory analysis of the company’s result shows revenues got a boost, despite the challenges of Covid-19.
First Bank is still the largest Nigerian bank by customer deposits but Zenith Bank is closing in.
The Bank recorded 17.4% increase in Profit Before Tax from N44.65 billion to N52.41 billion.
With 9 months into 2020 accounting year, VITA FOAM already boosts a profit of N2.1billion.
Profit was impacted by a number of one-off accounting adjustments totaling N17.2b.
In the analysis of revenue, DSR major turnover emanates from Lagos; one of its 4 segments.