By InvestAdvocate Lagos (INVESTADVOCATE)-Brewing giant, Guinness Nigeria Plc on Wednesday reported a loss after tax (LAT) of N2.01 billion in the audited period ended June 30, 2016 compared to a profit of N7.79 billion recorded a year earlier. Also, the company recorded a loss before tax (LBT) of N2.34 billion […]

By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc on Thursday said its profit after tax (PAT) for the period ended December 31, 2015 climbed up 176.6 percent to N2.31 billion from N834.4 million recorded a year ago. Similarly, profit before tax (PBT) of the nation’s top oil marketer rose 125.1 […]

Sept 6, 2016/InvestmentOne Research Downgrade to a SELL despite +64.9% increase in PBT forecast on FX gains. Following FBNH’s Q2 2016 results which showed a +8.1% q/q improvement in PBT, we raised our 2016E PBT forecast by +64.9% to reflect the FX gains on revaluation. The increase in FX gains […]