31/1/2107/SEC The Commission received 32 complaints between 2012 and 2015 against the 1st to 4th respondents over certain conducts in relation to operations of their Guaranteed Consolidated Notes (GCN) and Guaranteed Premium Notes (GPN). Investigations revealed that the 1st to the 4th respondents had through the 5th to 32nd breached […]
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PZ Nigeria Plc FQ2 17- Strong operating performance salvage earnings
Culled—Proshare January 31, 2017/ARM Research PZ Cussons Nigeria Plc. (PZ) released its unaudited 6M 2017 results wherein revenues rose 8.8% YoY to ₦33.3 billion, though largely reflecting unrealized foreign exchange losses of N4.9 billion, PZ posted pre-tax and post-tax losses of N 425 million and N289 million respectively. Excluding the […]
Guinness Nigeria Plc FQ2 17 – Currency Pressures Drive Another Sober Result
Culled—Proshare January 31, 2017/ARM Research Guinness Nigeria Plc (Guinness) released its unaudited 6M 17 financial statements which revealed post-tax loss of ₦4.66 billion. The weakness in earnings was largely driven by elevated input cost (+55% YoY to ₦43.9 billion) which offset impact of revenue growth (+19.4% YoY to N59.5 billion) […]
