Tag
FX LOSS
Eterna Oil Plc beat its Q1 2025 profit forecast, reporting a pre-tax profit of N1.4 billion, well above its projection of N756 million.
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.
Dangote Cement Plc posted a pre-tax profit of N293 billion in the 2024 half-year, reflecting a 22% year-on-year growth from the N239.9 billion posted in H1 2023.
Nigerian Brewer/Distiller companies have been significantly impacted by macroeconomic challenges; the devaluation of the Naira and rising inflation and interest rates.
BUA Cement Plc has released its financial results for Q1 2024, marking yet another period of profit decline with a pre-tax profit down 39.97% to N21.286 billion, compared to N35.461 billion reported in Q1 2023.
Dangote Cement has released its unaudited financial statements for Q1 2024, posting a gross turnover of N817.35 billion, representing a 101% year-on-year increase from the N406.7 billion turnover posted in Q1 2022.
Berger Paints Nigeria Plc has posted an impressive 125% profit growth, as the company’s pre-tax profit hit N799.8 million in 2023, up from N355.6 million in 2022.
Nigeria’s most capitalized consumer goods company, BUA Foods has posted a profit after tax of N112.1 billion, representing a 22.7% increase from the N91.3 billion reported in 2022.