By InvestAdvocate Lagos (INVESTADVOCATE)- Nigeria’s leading conglomerate in several industries, AG Leventis (Nigeria) Plc on Monday reported a loss before tax of N494.0 million for the half-year (H1) period ended June 30, 2016 compared to N252.49 a year ago. In the same vein, the company reported a loss after tax […]
Updates
Global stocks hit highest in a year but banks take shine off Europe
August 1, 2016/Reuters By Nigel Stephenson Global stocks hit their highest in almost a year on Monday as investors pared back expectations of when U.S. interest rates would rise, although a fall in bank shares after stress tests took the shine off European shares. Wall Street, however, looked set to […]
Flour Mills of Nigeria Plc Grows PBT by 394% YoY to N5.9bn in Q1’17 Results
Culled—Proshare August 1, 2016/FBNQuest Research Event: Flour Mills of Nigeria (FMN) reports Q1 2017 (end-Jun) results Implications: Marked upward revisions to consensus 2017 PBT forecast likely Positives: PBT grew markedly by 394% y/y to N5.9bn mainly driven by a 45% y/y growth in sales. Negatives: No obvious negatives Late last […]
