Investors Bite

PZ Cussons Nigeria Plc: Q3-18 weak earnings echo management’s earlier warning

March 29, 2018/Cordros Report Update: PZ just published 9M-18 and Q3-18 results which fell well-short of broad expectations, in line with management guidance two weeks ago. Management had guided that trading conditions have been unusually challenging thus far in H2, and expects its profits over the period, and indeed for […]

Unity Bank Issues Update on $1 Billion Milost Proposed Investment

March 29, 2018/NSE This is to notify shareholders of Unity Bank Plc and other stakeholders of the Bank that Unity Bank Plc has reviewed the various publications in some media touching the purported investment of $1,000,000,000.00 in Unity Bank Plc by Milost Global Inc. and wish to elaborate as follows. […]

Forte Oil Says 2017 Post-Tax Profit up 323% to N12.22 Billion

March 28, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketer, Forte Oil Plc on Thursdaysaid its post-tax profit for the period ended December 31, 2017 grew 323 percent to N12.22 billion from N2.89 billion posted a year ago Pretax profit of the company also increased 99 percent to N10.62 billion from N5.32 […]