Q1 2024: Eternal Oil reports a pre-tax loss of N3.3 billion driven by FX losses
Eternal Oil Plc has released its financial performance for Q1 2024, disclosing a pre-tax loss of N3.302 billion, a stark ...
Tag: FX losses
Major consumer goods companies record N839.2 billion forex losses in 2023
In 2023, major consumer goods companies listed on the Nigerian Stock Exchange (NGX) recorded FX losses amounting to N839.24 billion ...
FTN Cocoa Processor records zero revenue, FX loss of N10.17 billion in FY 2023
FTN Cocoa processor in its audited financial report for 2023 recorded foreign exchange loss of N10.17 billion while recording zero ...
Dangote Sugar incurs N172 billion in forex losses, ends 2023 with N108.9 billion loss
Dangote Sugar Refinery Plc has reported a loss before tax of N108.92 billion compared to a pre-tax profit of N82.3 ...
Why MTN Nigeria’s shareholder funds wipe out is not a major concern for shareholders
MTN Nigeria recently released its 2023 FY results, reporting its first-ever loss of N177.8 billion, which resulted in a wipe-out ...
Dangote Cement reports N455.6 billion profit despite incurring N164 billion in FX Losses.
Dangote Cement Plc reported a profit after tax of N455.58 billion for the financial year ended December 2023, representing a ...
MTN Nigeria incurs N740 billion in forex losses, shareholders funds wiped out
MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion ...
Lafarge Africa reports N51.1 billion profits despite incurring N21 billion in FX losses
Despite this, Lafarge Africa produced one of the better results published by a manufacturing company in Nigeria in 2023.
BUA Cement 2023 profit declines 31% to N69.45 billon due to FX losses
BUA Cement Plc reported a profit after tax of N69.45 billion for the financial year ended December 2023, representing a ...
