Updates

GlaxoSmithKline Declares N3.62 Billion Loss in H1 2016

By InvestAdvocate Lagos (INVESTADVOCATE)-Drugmaker, GlaxoSmithKline Consumer Nigeria Plc said on Friday it has recorded a loss before tax of  N3.62 billion for the period ended June 30, 2016 compared to N424.82 million declared a year earlier. Similarly, the drug producer recorded a loss after tax of N3.70 billion compared to […]

Nestle Nigeria Reports 94% Drop in H1 2016 PAT

By InvestAdvocate Lagos (INVESTADVOCATE)-Food and beverage producer, Nestle Nigeria Plc on Friday said profit after tax (PAT) for the half-year (H1) period ended June 30, 2016 declined 94 percent to N535.81 million from N8.66 billion posted a year ago. Similarly, profit before tax (PBT) of the beverage maker dipped 91.5 […]

Skye Bank Post N40.73 Billion Loss in 2015 FYE

By InvestAdvocate Lagos (INVESTADVOCATE)-Skye Bank Plc on Friday said it has posted a loss after tax of N40.73 billion in its audited year ended December 31, 2015 compared to N18.72 billion profit a year ago. Similarly, the lender reported a loss before tax (PBT) of N37.65 billion compared to a […]