Beta Glass Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 341% to N25.6bn from N5.8bn in the previous quarter. Profit before tax grew by 662% to N6.1bn. Profit after tax grew by 662% to N4.2bn. Net Assets grew by 9.8% from N37bn to N41bn. […]
Managing Director of Julius Berger, Lars Richter November 17, (THEWILL) – Leading, dependable and innovative engineering construction company, Julius Berger Nigeria Plc, has won for the 6th consecutive time its top rating as Nigeria’s Most Valuable Brand in the Building and Construction Services Category at the ‘Top 50 Brands Nigeria’ awards. The construction experts, last […]
Proshare Nigeria Pvt. Ltd. Dangote Cement Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 34% to N1tn from N761bn in the previous quarter. Profit before tax grew by 49% to N405bn. Profit after tax grew by 33% to N278bn. Net Assets grew by 1.6% […]
Tanga Cement factory. The company has asked shareholders to remain cautious. PHOTO | FILE The German multinational building materials company, which already owns majority shares in Tanzania Portland Cement Company , signed an agreement through its subsidiary Scancem International DA to acquire 68.33 percent of Tanga Cement shares for an estimated Tsh137.33 billion ($59.61 million) […]
Nigeria: Dangote Cement increased its consolidated sales by 34% year-on-year to US$2.48bn in the first nine months of 2021 from US$1.84bn in the first nine months of 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 45% to US$1.25bn from US$860m. Group cement volumes were 22.2Mt, up by 15% from 19.2Mt. Nigerian […]
Proshare Nigeria Pvt. Ltd. Q3 price increases offset softer cement output; new PT of NGN299.4 up marginally DangCem ‘s Q3 results were in line with expectations. Sales of NGN331.6trn grew 17% while earnings of NGN99.8bn advanced by around 30%. However, there were some noticeable variances between our estimates and the results, with cement production missing […]
The National Bureau of Statistics (NBS) recently published the Internally Generated Revenue (IGR) report at the state level for Half Year (H1) 2021. According to the report which is available on the NBS’s website , all the 36 states of the federation and the FCT have a total IGR of N849.1 billion in the period […]
Thursday , November 18, 2021 / 12:50 PM / Adaeze Nwachukwu, Proshare Research / Header Image Credit: Dangote Cement Plc Proshare Nigeria Pvt. Ltd. Dangote Cement Plc is the second listed company on the Nigerian Exchange Limited (NGX) to record a revenue of N1trn on the heels of MTN, the leading stock with over one […]
The combined market capitalization of the stocks worth over one trillion (SWOOT) appreciated by 0.86% to close at N15.70 trillion from N15.57 trillion the previous week, reflecting a gain of N134.45 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Stock performance Airtel Africa Plc – N915.00 Airtel […]
Africa’s richest man, Aliko Dangote (L) speaks with Nigeria’s Vice-President Yemi Osinbajo (R) during a facility tour at the proposed Dangote oil refinery site near Akodo beach in the outskirt of Nigeria’s commercial capital Lagos June 25, 2016. REUTERS/Akintunde Akinleye If Nigerian billionaire Aliko Dangote can drop multiple billions into a refinery, it is because […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.