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Profit - Page 3

Zenith Bank’s Gross Earnings Rises By 125% In 2023

Zenith Bank Generates N3.37trn Gross Earnings — But Profit Drops To N764bn

Zenith Bank has reported that its gross earnings increased to N3.37 trillion in the first nine months of 2025, compared to the N2.89 billion recorded in the corresponding period of 2024, indicating a 16.28 percent increase. The financial institution announced the gross

November 24, 2025

Business

Why AXA Mansard’s Profit Drops By 80%

AXA Mansard Insurance Plc reported its revenue grew by 22.68 percent and its profit after tax (PAT) declined by 80.08 percent in the first nine months of 2025. According to the company’s unaudited financial statement for the period ending September 30, 2025,

November 20, 2025

Conoil Plc's Shareholders Approve N1.734 Billion Dividend Payout for 2022

Business

Conoil Revenue Drops To N203.82bn, Profit Crashes By 87.91%

Conoil Plc’s revenue dropped by 18.18 percent to N203.82 billion between January and September 2025, from N249.13 billion in the first nine months of 2024. The company announced the decline in turnover in its unaudited financial statements for the period ended September

November 19, 2025

Business·Top Stories

Production Cost Gulps 82% Of Cutix’s Revenue, Profit Drops By 81%

In the first quarter (Q2) of 2025, Cutix Plc recorded a marginal decline of 1 percent, after generating N3,52 billion, compared to the N3,55 billion reported in the corresponding period in 2024. According to the company’s unaudited financial statements for the Q1

September 4, 2025

Business·Top Stories

Meyer Earns N2bn From Paint Sale, Grows Profit By 104.85%

Meyer Plc ended the first half (H1) of 2025 with N2.02 billion revenue, surpassing the N1.32 billion generated in the corresponding period in 2024, representing an increase of 52.74 percent. According to the company’s unaudited interim consolidated and separate financial statements for

August 29, 2025

Business·Top Stories

Neimeth Grows Revenue To N2.9bn, Records 710% Increase In Finance Costs

Between January and June 2025, Neimeth International Pharmaceuticals recorded N2.90 billion turnover, compared to the N1.65 billion revenue filed in the first half (H1) of 2025, indicating an increase of 76 percent. According to the company’s financial statements for H1 2025, Neimeth’s

August 28, 2025

Business·Top Stories

Beta Glass Reduces Impact Of Cost On Revenue As Turnover Rises 63.37%

Beta Glass closed the first half (H1) of 2025 with N78.23 billion revenue, exceeding the N47.88 billion grossed in H1 2024, representing an increase of 63.37 percent. This is according to the glass container manufacturer’s unaudited interim financial statements for the six

August 27, 2025

Business·Top Stories

BUA Foods Secures N470.21bn Revenue In Three Months

BUA Foods recorded N470.21 billion turnover in the second quarter (Q2) of 2025, up by 49.05 percent when compared to the N315.47 billion secured in the corresponding period of last year. This was disclosed in BUA Foods’ unaudited financial statements for the

August 26, 2025

Business·Top Stories

Prestige Assurance’s Failure To Curb Expenses Results In 81% Drop In Profit

Prestige Assurance said it surpassed the N11.57 billion gross premium reported for the first half (H1) of 2024, after recording N15.32 billion in the same period this year, reflecting an increase of 32 percent. According to the company’s unaudited financial statements for

August 21, 2025

Business·Top Stories

Jaiz Bank Grows Revenue By 25%, Records N7.62bn Profit In Three Months

Jaiz Bank ended the second quarter (Q2) of 2025 with N23.49 billion gross earnings, compared to the N18.72 billion reported in the corresponding period in 2024, indicating an increase of 25.45 percent. The financial institution announced the increase in its unaudited financial

August 20, 2025

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Profit - Page 3

Zenith Bank Generates N3.37trn Gross Earnings — But Profit Drops To N764bn

Why AXA Mansard’s Profit Drops By 80%

Conoil Revenue Drops To N203.82bn, Profit Crashes By 87.91%

Production Cost Gulps 82% Of Cutix’s Revenue, Profit Drops By 81%

Meyer Earns N2bn From Paint Sale, Grows Profit By 104.85%

Neimeth Grows Revenue To N2.9bn, Records 710% Increase In Finance Costs

Beta Glass Reduces Impact Of Cost On Revenue As Turnover Rises 63.37%

BUA Foods Secures N470.21bn Revenue In Three Months

Prestige Assurance’s Failure To Curb Expenses Results In 81% Drop In Profit

Jaiz Bank Grows Revenue By 25%, Records N7.62bn Profit In Three Months

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