Presco Plc reports standalone EPS of NGN3.48 in Q4-22
Presco Plc (PRESCO) published its Q4-22 unaudited financials Tuesday, reporting a standalone EPS of NGN3.48 (Q4-21: NGN5.09), underpinned by a sharp uptick in net finance cost (+5736.7% y/y). For 2022FY, the EPS settled at NGN21.47 (2021FY: NGN19.32), recording an increase…
Okomu Oil Palm Plc reports loss per share of NGN0.75 in Q4-22
The OKOMU Oil Palm Company Plc (OKOMUOIL) published its Q4-22 unaudited financials on Monday, January 30, reporting a loss per share of NGN0.75 in Q4-22 (Q4-21: NGN0.07). For 2022FY, the results show a 50.2% y/y growth in EPS to NGN18.17…
Dangote, Sinoma Seal Deal on new 6Mta Cement Plant in Ogun State
Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State. The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote…
FMN’s 127.0% y/y expansion in net finance costs underpins EPS drop
Flour Mills of Nigeria Plc (FLOURMILL) published its 9M-23 unaudited results Monday, reporting Q3-22 standalone EPS of NGN0.90 (Q3-22: NGN1.57) and 9M-23 EPS of NGN2.87 (9M-22: NGN4.00). The EPS contraction was underpinned by a 127.0% y/y expansion in net finance…
Shelter Afrique unveils new five-year strategic plan
Leading continental real estate giant and pan-African housing development financier, Shelter Afrique has unveiled a five-year strategic plan to restore the Institution’s performance, competitiveness, and value creation for the long term. Shelter Afrique unveiled the plan during a Ministerial and…
Banana Island, Nigeria’s Most Exclusive Estate Where Richest Nigerians Live
Who are you here to see?” Even though I expected the question, it still feels off guard. I convinced the security guards at the main gate that I have been invited and after a call to the person I am…
Petronella drags INNOSON to FCCPC for delivering substandard cars
A company named Petronella (Nig) Limited has sued INNOSON Vehicle Manufacturing (IVM) Company owned by Chief Innocent Chukwuma to the Federal Competition and Consumer Protection Commission (FCCPC) over failure to deliver all twelve vehicles paid for with manufacturing specifications. The…
Dangote emerges as Vanguard’s personality of the year
The Management of Vanguard Newspapers over the weekend bestowed the honour of “Personality of the Year” on the President of Dangote Group, Aliko Dangote. The Newspaper rolled out red carpet in celebration of men and women who have distinguished themselves…
Herdsmen, not imported goods killing local agro production – Dev. Economist
A development economist, Dr. Ken Igboanugo has countered the Special Adviser to the President Muhammadu Buhari on Media and Publicity, Femi Adesina for claiming that quest for imported goods is killing local agricultural production. In an interview, Dr Igboanugo averred…
Guinness report 73.3% y/y decline in Q2-23 standalone EPS
GUINNESS Nigeria Plc published its Q2-23 (H1-23) unaudited results Thursday, January 26, 2023, reporting a 73.3% y/y decline in Q2-23 standalone EPS to NGN0.58 (Q2-22: NGN2.18). Thus, H1-23 EPS settled lower at NGN1.84 (H1-22: NGN4.03). The negative surprise in EPS…
