Day: July 28, 2019

 Telecoms services provider, MTN Nigeria Plc, has disclosed that its unaudited second-quarter (Q2) 2019 financial performance recording 34.8 per cent increase in profit after tax.  The profit after tax, according to report from the Nigerian Stock Exchange, stood at N98.931 billion from N73.395 billion reported in 2018, accounting for a growth of 34.79 per cent.  Profit before tax stood at N141.8 billion in H1 2019 as against N108.3 billion in H1 2018.  MTN Nigeria’s revenue for the period under review stood at N566.9 billion, as against N505.6 billion during the…

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Flour Mills of Nigeria Plc, one of the integrated food business and agro-allied group, has posted 17 per cent growth in profit after tax for the first quarter ended June 30, 2019.  The group’s profit after tax stood at N4.2 billion, compared to N3.6 billion reported in 2018 Q1, accounting for 17 per cent- YoY growth.  According to its unaudited first quarter results for 2019, the group’s profit before tax was N5.5 billion, compared to N5.2 billion in 2018 Q1, representing 6 per cent YoY growth.  The company’s finance cost…

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 Airtel Africa plc has posted a pre-tax of $167.4 million for the first quarter ended June 30, 2019 from $80.2 million a year earlier. Total revenue rose 6.9 per cent to $795.9 million in the three months, boosted by a 9.3 per cent rise in the company’s customer base to 99.7 million despite a hit from currency translation with constant currency growth of 10.2 per cent. This is the 6th consecutive quarter of double-digit constant currency growth, according to a statement from the company.  The telecom firm noted that revenue…

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The NSE All-Share Index and market capitalisation both depreciated by 0.003 per cent to close the week at 27,918.59 and N13.606 trillion respectively. All other indices finished higher with the exception of NSE-Main Board, NSE Banking, NSE Pension, NSE Insurance, NSE AFR Div Yield and NSE Oil/Gas indices, which depreciated by 0.28 per cent, 0.39 per cent, 0.18 per cent, 0.94 per cent, 1.13 per cent and 0.19 per cent respectively.  A total turnover of 1.069 billion shares worth N11.393 billion in 16,346 deals were traded last week by investors…

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