By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm, Total Nigeria Plc said on Friday its profit after tax (PAT) for the period ended June 30, 2016 increased 271 percent to N8.93 billion from N2.41 billion recorded a year ago. Similarly, profit before tax (PBT) of Total Nigeria climbed up 199 percent to […]
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FCMB Group Loan Loss Provisions Spike by 506% YoY to N10bn in Q2’16
Culled—–Proshare Event: FCMB Group reports Q2 2016 results Implications: Likely upward revision to consensus 2016 PBT estimate; market’s reaction likely to be positive Positives: PBT and PAT grew by 271% y/y and 415% y/y respectively due largely to fx gains Negatives: Loan loss provisions spiked by 506% y/y to N10.0bn […]
Transcorp Reports N12.2 Billion Loss in H1 2016 Due to Naira Devaluation
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top conglomerate, Transnational Corporation of Nigeria Plc said on Friday it has posted a loss after tax of N12.2 billion for the half-year (H1) period ended June 30, 2016 compared to N4.3 billion gain a year ago. Similarly, the conglomerate declared a loss before tax of […]
