Company Results Archives - Nairametrics https://nairametrics.com/category/market-news/equities/company-results/ Destination for Business news and analysis from Africa's largest economy Sat, 17 Aug 2024 12:39:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Company Results Archives - Nairametrics https://nairametrics.com/category/market-news/equities/company-results/ 32 32 201037849 Union Bank records 138% profit growth for 2023 as restructuring plans continue https://nairametrics.com/2024/08/17/union-bank-records-138-profit-growth-for-2023-as-restructuring-plans-continue/ https://nairametrics.com/2024/08/17/union-bank-records-138-profit-growth-for-2023-as-restructuring-plans-continue/#respond Sat, 17 Aug 2024 09:13:02 +0000 https://nairametrics.com/?p=495983 Nigeria’s second oldest bank, Union Bank of Nigeria has reported a pre-tax profit of N71.8 billion in the 2023 full year, marking a 138% growth from the N30.2 billion posted in FY 2022.  

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]]> https://nairametrics.com/2024/08/17/union-bank-records-138-profit-growth-for-2023-as-restructuring-plans-continue/feed/ 0 495983 Coronation’s pre-tax profit soars to N2.6 billion in the second quarter of 2024  https://nairametrics.com/2024/08/13/coronations-pre-tax-profit-soars-to-n2-6-billion-in-the-second-quarter-of-2024/ https://nairametrics.com/2024/08/13/coronations-pre-tax-profit-soars-to-n2-6-billion-in-the-second-quarter-of-2024/#respond Tue, 13 Aug 2024 08:46:19 +0000 https://nairametrics.com/?p=495680 Coronation Insurance posted a pre-tax profit of N2.6 billion in its recently published financial statement for the second quarter of 2024. 

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]]> https://nairametrics.com/2024/08/13/coronations-pre-tax-profit-soars-to-n2-6-billion-in-the-second-quarter-of-2024/feed/ 0 495680 FCMB Asset Management set to raise N100 billion in Nigeria’s first private credit fund  https://nairametrics.com/2024/08/08/fcmb-asset-management-set-to-raise-n100-billion-in-nigerias-first-private-credit-fund/ https://nairametrics.com/2024/08/08/fcmb-asset-management-set-to-raise-n100-billion-in-nigerias-first-private-credit-fund/#respond Thu, 08 Aug 2024 14:49:11 +0000 https://nairametrics.com/?p=495483 FCMB Asset Management is set to raise about N100 billion (~$63 million) over the next one year as it pioneers Nigeria’s first private credit fund.  

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]]> https://nairametrics.com/2024/08/08/fcmb-asset-management-set-to-raise-n100-billion-in-nigerias-first-private-credit-fund/feed/ 0 495483 One year after floating Naira, NGX market cap drops by $27.8 billion   https://nairametrics.com/2024/08/08/one-year-after-floating-naira-ngx-market-cap-drops-by-27-8-billion/ https://nairametrics.com/2024/08/08/one-year-after-floating-naira-ngx-market-cap-drops-by-27-8-billion/#respond Thu, 08 Aug 2024 11:18:10 +0000 https://nairametrics.com/?p=495464 About one year after the move by the Central Bank to float the Naira and achieve a unified exchange rate, the market capitalization of the Nigerian Exchange (NGX) has declined by $27.8 billion.  

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]]> https://nairametrics.com/2024/08/08/one-year-after-floating-naira-ngx-market-cap-drops-by-27-8-billion/feed/ 0 495464 MeCure reports 38% rise in revenues as cost mute profit growth   https://nairametrics.com/2024/08/08/mecure-reports-38-rise-in-revenues-as-cost-mute-profit-growth/ https://nairametrics.com/2024/08/08/mecure-reports-38-rise-in-revenues-as-cost-mute-profit-growth/#respond Thu, 08 Aug 2024 06:56:35 +0000 https://nairametrics.com/?p=495443 MeCure Industries PLC released its 2024 second quarter results, reporting a pre-tax profit of N1.33 billion. 

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]]> https://nairametrics.com/2024/08/08/mecure-reports-38-rise-in-revenues-as-cost-mute-profit-growth/feed/ 0 495443 AXA Mansard’s pre-tax profit grows by 57.79% in the second quarter of 2024, as revenue skyrockets  https://nairametrics.com/2024/08/07/axa-mansards-pre-tax-profit-grows-by-57-79-in-the-second-quarter-of-2024-as-revenue-skyrockets/ https://nairametrics.com/2024/08/07/axa-mansards-pre-tax-profit-grows-by-57-79-in-the-second-quarter-of-2024-as-revenue-skyrockets/#respond Wed, 07 Aug 2024 06:02:05 +0000 https://nairametrics.com/?p=495373 AXA Mansard published its 2024 second-quarter results, reporting a pre-tax profit of N14.9 billion. 

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]]> https://nairametrics.com/2024/08/07/axa-mansards-pre-tax-profit-grows-by-57-79-in-the-second-quarter-of-2024-as-revenue-skyrockets/feed/ 0 495373 Kuda posted $32 million loss in 2022 amid increase in revenue, customer base   https://nairametrics.com/2024/08/06/kuda-posted-32-million-loss-in-2022-amid-increase-in-revenue-customer-base/ https://nairametrics.com/2024/08/06/kuda-posted-32-million-loss-in-2022-amid-increase-in-revenue-customer-base/#respond Tue, 06 Aug 2024 20:03:36 +0000 https://nairametrics.com/?p=495359 Nigerian neobank, Kuda, recorded a net loss of $32 million in 2022 according to its latest financial report filed in the UK. 

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]]> https://nairametrics.com/2024/08/06/kuda-posted-32-million-loss-in-2022-amid-increase-in-revenue-customer-base/feed/ 0 495359 Jumia records $20.2 million operating loss in Q2 2024 as revenue decline  https://nairametrics.com/2024/08/06/jumia-records-20-2-million-operating-loss-in-q2-2024-as-revenue-decline/ https://nairametrics.com/2024/08/06/jumia-records-20-2-million-operating-loss-in-q2-2024-as-revenue-decline/#respond Tue, 06 Aug 2024 16:17:57 +0000 https://nairametrics.com/?p=495346 Africa’s e-commerce group, Jumia, posted a $20.2 million operating loss in Q2 2024 amid a 17% decline in revenue. 

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]]> https://nairametrics.com/2024/08/06/jumia-records-20-2-million-operating-loss-in-q2-2024-as-revenue-decline/feed/ 0 495346 BUA Cement’s pre-tax profit drops by 54% in the second quarter of 2024  https://nairametrics.com/2024/08/06/bua-cements-pre-tax-profit-drops-by-54-in-the-second-quarter-of-2024/ https://nairametrics.com/2024/08/06/bua-cements-pre-tax-profit-drops-by-54-in-the-second-quarter-of-2024/#respond Tue, 06 Aug 2024 07:00:48 +0000 https://nairametrics.com/?p=495288 BUA Cement released its 2024 second quarter results, revealing a pre-tax profit of N18.8 billion. 

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]]> https://nairametrics.com/2024/08/06/bua-cements-pre-tax-profit-drops-by-54-in-the-second-quarter-of-2024/feed/ 0 495288 BUA Foods posts 24% profit growth in the second quarter of 2024 amidst N27.4 billion FX loss  https://nairametrics.com/2024/08/06/bua-foods-posts-24-profit-growth-in-the-second-quarter-of-2024-amidst-n27-4-billion-fx-loss/ https://nairametrics.com/2024/08/06/bua-foods-posts-24-profit-growth-in-the-second-quarter-of-2024-amidst-n27-4-billion-fx-loss/#respond Tue, 06 Aug 2024 06:54:34 +0000 https://nairametrics.com/?p=495287 BUA Foods posted a pre-tax profit of N76.8 billion in the second quarter of 2024, reflecting a 24% year-on-year growth from the N61.8 billion pre-tax profit posted in Q2 2023.  

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]]> https://nairametrics.com/2024/08/06/bua-foods-posts-24-profit-growth-in-the-second-quarter-of-2024-amidst-n27-4-billion-fx-loss/feed/ 0 495287 Julius Berger’s pre-tax profit climbs by 12.08% in the second quarter of 2024  https://nairametrics.com/2024/08/05/julius-bergers-pre-tax-profit-climbs-by-12-08-in-the-second-quarter-of-2024/ https://nairametrics.com/2024/08/05/julius-bergers-pre-tax-profit-climbs-by-12-08-in-the-second-quarter-of-2024/#respond Mon, 05 Aug 2024 16:54:45 +0000 https://nairametrics.com/?p=495265 Julius Berger published its 2024 second-quarter results, revealing a pre-tax profit of N8.3 billion. 

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]]> https://nairametrics.com/2024/08/05/julius-bergers-pre-tax-profit-climbs-by-12-08-in-the-second-quarter-of-2024/feed/ 0 495265 Tantalizers PLC offset 42.17% pre-tax loss in the second quarter of 2024  https://nairametrics.com/2024/08/05/tantalizers-plc-offset-42-17-pre-tax-loss-in-the-second-quarter-of-2024/ https://nairametrics.com/2024/08/05/tantalizers-plc-offset-42-17-pre-tax-loss-in-the-second-quarter-of-2024/#respond Mon, 05 Aug 2024 13:52:35 +0000 https://nairametrics.com/?p=495248 Tantalizers PLC released its 2024 second quarter results, showing a pre-tax loss of N164.7 million. 

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]]> https://nairametrics.com/2024/08/05/tantalizers-plc-offset-42-17-pre-tax-loss-in-the-second-quarter-of-2024/feed/ 0 495248 UAC posts 373% profit growth in the first half of 2024  https://nairametrics.com/2024/08/05/uac-posts-373-profit-growth-in-the-first-half-of-2024/ https://nairametrics.com/2024/08/05/uac-posts-373-profit-growth-in-the-first-half-of-2024/#respond Mon, 05 Aug 2024 12:17:34 +0000 https://nairametrics.com/?p=495238 UAC Nigeria posted a pre-tax profit of N15 billion in the first half of 2024, marking a 373% year-on-year increase from the N3.16 billion posted in H1 2023.  

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]]> https://nairametrics.com/2024/08/05/uac-posts-373-profit-growth-in-the-first-half-of-2024/feed/ 0 495238 ABC Transport: Why second quarter pre-tax profit fell by -32.20% in 2024?  https://nairametrics.com/2024/08/05/abc-transport-why-second-quarter-pre-tax-profit-fell-by-32-20-in-2024/ https://nairametrics.com/2024/08/05/abc-transport-why-second-quarter-pre-tax-profit-fell-by-32-20-in-2024/#respond Mon, 05 Aug 2024 09:29:55 +0000 https://nairametrics.com/?p=495205 ABC Transport released its 2024 second quarter results, showing a profit of N57.3 million.

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]]> https://nairametrics.com/2024/08/05/abc-transport-why-second-quarter-pre-tax-profit-fell-by-32-20-in-2024/feed/ 0 495205 Dangote Sugar posts N104.6 billion pre-tax loss in second quarter of 2024, amidst 140% rise in raw materials cost  https://nairametrics.com/2024/08/04/dangote-sugar-posts-n104-6-billion-pre-tax-loss-in-second-quarter-of-2024-amidst-140-rise-in-raw-materials-cost/ https://nairametrics.com/2024/08/04/dangote-sugar-posts-n104-6-billion-pre-tax-loss-in-second-quarter-of-2024-amidst-140-rise-in-raw-materials-cost/#respond Sun, 04 Aug 2024 07:58:12 +0000 https://nairametrics.com/?p=495169 Dangote Sugar posted a pre-tax loss of N104.6 billion in the second quarter of 2024, marking a 110% year-on-year decline from the N49.9 billion pre-tax loss posted in Q2 2023. 

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]]> https://nairametrics.com/2024/08/04/dangote-sugar-posts-n104-6-billion-pre-tax-loss-in-second-quarter-of-2024-amidst-140-rise-in-raw-materials-cost/feed/ 0 495169 Conoil’s second quarter: 13.34% pre-tax profit increase impresses investors  https://nairametrics.com/2024/08/01/conoils-second-quarter-13-34-pre-tax-profit-increase-impresses-investors/ https://nairametrics.com/2024/08/01/conoils-second-quarter-13-34-pre-tax-profit-increase-impresses-investors/#respond Thu, 01 Aug 2024 17:53:19 +0000 https://nairametrics.com/?p=495022 Conoil Plc posts a 13.34% year-over-year rise in pre-tax profit for the second quarter of 2024 at 4.6 billion, up from 4.1 billion recorded in 2023. 

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]]> https://nairametrics.com/2024/08/01/conoils-second-quarter-13-34-pre-tax-profit-increase-impresses-investors/feed/ 0 495022 AIICO’s pre-tax profit soars by 121.55% in the second quarter of 2024, backed by an upgrade  https://nairametrics.com/2024/08/01/aiicos-pre-tax-profit-soars-by-121-55-in-the-second-quarter-of-2024-backed-by-an-upgrade/ https://nairametrics.com/2024/08/01/aiicos-pre-tax-profit-soars-by-121-55-in-the-second-quarter-of-2024-backed-by-an-upgrade/#respond Thu, 01 Aug 2024 14:34:52 +0000 https://nairametrics.com/?p=494999 AIICO Insurance released its 2024 second quarter results, showing pre-tax profit increased 121.55% year-over-year from 6.3 billion reported in 2023. 

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]]> https://nairametrics.com/2024/08/01/aiicos-pre-tax-profit-soars-by-121-55-in-the-second-quarter-of-2024-backed-by-an-upgrade/feed/ 0 494999 Nigerian Breweries grapples with inflation as pre-tax losses hit N50.8 billion in second quarter of 2024  https://nairametrics.com/2024/07/31/nigerian-breweries-grapples-with-inflation-as-pre-tax-losses-hit-n50-8-billion-in-second-quarter-of-2024/ https://nairametrics.com/2024/07/31/nigerian-breweries-grapples-with-inflation-as-pre-tax-losses-hit-n50-8-billion-in-second-quarter-of-2024/#respond Wed, 31 Jul 2024 15:04:48 +0000 https://nairametrics.com/?p=494907 Nigeria’s largest brewer by revenue, Nigerian Breweries Plc posted a pre-tax loss of N50.8 billion for the quarter ending June 30, 2023.

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]]> https://nairametrics.com/2024/07/31/nigerian-breweries-grapples-with-inflation-as-pre-tax-losses-hit-n50-8-billion-in-second-quarter-of-2024/feed/ 0 494907 MTN posts N175.6 billion pre-tax loss in second quarter, incurs N231 billion FX losses https://nairametrics.com/2024/07/31/mtn-posts-n175-6-billion-pre-tax-loss-in-second-quarter-incurs-n231-billion-fx-losses/ https://nairametrics.com/2024/07/31/mtn-posts-n175-6-billion-pre-tax-loss-in-second-quarter-incurs-n231-billion-fx-losses/#respond Wed, 31 Jul 2024 10:09:47 +0000 https://nairametrics.com/?p=494853 MTN Nigeria Plc posted a pre-tax loss of N175.6 billion for the quarter ending June 30, 2024, reflecting a 38% year-on-year appreciation from the N282.3 billion pre-tax loss as of Q2 2023.  

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]]> https://nairametrics.com/2024/07/31/mtn-posts-n175-6-billion-pre-tax-loss-in-second-quarter-incurs-n231-billion-fx-losses/feed/ 0 494853 Wema Bank Plc reports 270.71% growth in Q2 2024 pre-tax profit  https://nairametrics.com/2024/07/31/wema-bank-plc-reports-270-71-growth-in-q2-2024-pre-tax-profit/ https://nairametrics.com/2024/07/31/wema-bank-plc-reports-270-71-growth-in-q2-2024-pre-tax-profit/#respond Wed, 31 Jul 2024 09:36:20 +0000 https://nairametrics.com/?p=494850 Wema Bank Plc has reported its Q2 2024 results showing pre-tax profits grew by 270.71% year on year to N19.416 billion. 

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]]> https://nairametrics.com/2024/07/31/wema-bank-plc-reports-270-71-growth-in-q2-2024-pre-tax-profit/feed/ 0 494850