profit

Key Takeaways: - Profit Projection: PZ Cussons anticipates its 2024 full-year profit to range between £55 and £60 million, despite a 23% depreciation in the value of the Nigerian naira. - Revenue Estimate: The company projects revenue to reach approximately £528 million for the fiscal year...

The Asset Management Corporation of Nigeria (AMCON) reported a remarkable 212% increase in profit for 2023, rising to N108.43 billion from N34.73 billion in the previous year. This substantial growth occurred despite challenging macroeconomic conditions, as noted in a statement by AMCON's Head...

OKOMU OIL PALM PLC PROJECTS REVENUE TO DECLINE BY 34.9% IN Q3 2024 Okomu Oil Palm Plc has forecasted a 34.9% drop in revenue for Q3 2024 compared to the same period in 2023. The company's projected turnover for Q3 2024 is N13.047 billion, down from N20.047 billion in Q3 2023, where it recorded...

FBN HOLDINGS REVENUE SURGES BY 181% - FBN Holdings' gross earnings increased by 181.4% to N730.3 billion in the first quarter of 2024, compared to N259.5 billion in the same period last year. - The growth in revenue was driven by a 153.3% rise in interest income, reaching N455 billion in Q1...

VFD GROUP REPORTED N2.62bn PROFIT IN Q1 Proprietary investment company, VFD Group Plc, has reported N2.62 billion as profit after tax for the first quarter of 2024. This was revealed in its Q1 unaudited financial results filed with the Nigerian Exchange Limited. During the period under review...

TAJBANK GROWS PRE-TAX PROFIT TO N11BN The profit before tax of TAJBank, one of the non-interest banks in Nigeria, grew by 122 per cent to N11.3bn in 2023. In the non-interest banking segment of the financial sector, that was the highest PBT recorded so far for 2023. TAJBank’s gross earnings...

TRANSCORP HOTELS PLC RISES BY 1048% IN 12-MONTH Transcorp Hotels Plc, a major player in the hospitality sector, has seen significant capital appreciation over the last 12 months despite recent unfavorable investor sentiment. The company’s stock increased by more than 1048% over the past year...

TAJBank grows pre-tax profit to N11bn The profit before tax of TAJBank, one of the non-interest banks in Nigeria, grew by 122 per cent to N11.3bn in 2023. In the non-interest banking segment of the financial sector, that was the highest PBT recorded so far for 2023. TAJBank’s gross earnings...

ABBEY MORTGAGE BANK GROWS PROFIT BY 15% Abbey Mortgage Bank’s pre-tax profit rose by 15 per cent year-over-year to N951m in 2023, from N827m in the prior period. This was stated in a release by the bank ahead of its 32nd annual general meeting, scheduled for May 30. The AGM will highlight the...