May 13, 2020 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Leading provider of telecommunications and mobile money services, Airtel Africa Plc on Wednesday announced its Pretax profit for the period ended March 31, 2020 grew 71.7 percent to $598 million from $348 million recorded a year ago. This is coming on the […]
Results & Dividends
Wema Bank Q1’20 Profit Drops 14.6% to N977 Million
May 13, 2020 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc on Wednesday said its profit after tax (PAT) for the period ended March 31, 2020 declined 14.6 percent to N977 million from N1.14 billion declared a year ago. Similarly, profit before tax (PBT) decreased 16.1 percent to N1.13 […]
Nestle Nigeria Q1 2020 Results: Earnings Impacted by Dip in Food Sales
May 12, 2020/InvestmentOne Report Uninspiring topline performance: down 3.2% q/q, 0.9% y/y. · Improved gross profit margin: up 120bps q/q; 70bps y/y. · Mixed Opex to sales ratio at 20.1%: down 310bps q/q; up 260bps y/y. · Mixed PBT margin: up 480bps q/q; down 210bps y/y. Nestle Nigeria Plc released […]
