By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Food processing and packaging company, McNichols Consolidated Plc on Monday reported its profit after tax (PAT) for the period ended December 31, 2015 grew 48.84 percent to N60.33 million from N40.53 million recorded a year earlier. In the same vein, pretax profit of the […]
Tag: Nigerian Stock exchange
NEM Insurance Says 2015 Pretax Profit Decline 66.10%
By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, NEM Insurance Plc on Monday said its 2015 pretax profit for the period ended December 31, 2015 declined 66.10 percent to N598.83 million from N1.766 billion recorded a year ago. Similarly, profit after tax (PAT) of the company dropped 53.21 percent to N713.70 from N1.525 billion […]
Unrelenting Bears Plummet NSE 2.86% on MSCI Index Reaction
By InvestAdvocate Lagos (INVESTADVOCATE)-Unrelenting bears on Monday pulled down the Nigerian Stock Exchange (NSE) as all-share index (ASI) dipped 2.86 percent to close at 24,649.39 basis points, while market capitalisation sank by N233.45 billion to N8.48 trillion. “Today’s poor performance reflects market reaction to the potential exclusion of Nigerian equities […]
