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Revenue - Page 6

GTCO Shareholders Gain N93.87bn As Lender Reveals Plan To List On LSE

GTCO’s Profit Dropped To N258bn In Q1 2025

Guaranty Trust Holding Company (GTCO) reported N397.38 billion interest income in the first quarter (Q1) of 2025, up 41.09 per cent from N281.65 billion recorded in Q1 last year. However, interest expense grew by 45.40 per cent year-on-year, according to the company’s

June 4, 2025

Business·Top Stories

Legend Internet Struggling To Attract Investors After Poor Financial Performance

On April 25, Legend Internet successfully listed on the Nigerian Exchange Limited (NGX), however, a month later, the company has not successfully convinced the stock market investors that it is a profitable asset. Legend Internet listed 2,000,000,000 shares at N5.64 kobo, with

June 4, 2025

Zenith Bank Records 117% Gross Earnings Growth In H1 2024

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Zenith Bank’s Revenue Increased To N949.85bn, Profit Grew By 20.70% In Q1 2025

Zenith Bank’s revenue for the first quarter (Q1) of 2025 increased by 21.68 percent to N949.85 billion, up from N780.61 billion generated in the same quarter in 2024. The lender, in its consolidated and separate unaudited financial statements for the period ended

June 3, 2025

Business·Top Stories

Dangote Sugar Struggling With Production Cost, Operating Profit Drops By 48%

Dangote Sugar recorded 74.31 per cent growth in its revenue, as the company generated N213.93 billion for the first quarter (Q1) of 2025, surpassing the N122.72 billion turnover reached in Q1 2024. The sugar producer also saw its cost of sales rising

June 2, 2025

Linkage Assurance Grows Revenue To N6.48bn, Profit Falls By 68%

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Linkage Assurance Records N6bn Revenue, Tax Burden Affects Profit Growth

Linkage Assurance reported 18 per cent growth in its insurance revenue for the first quarter (Q1) of 2025, after recording N6.05 billion, against the N5.12 billion posted in the corresponding period in 2024. The company, in its first quarter financial statement for

May 29, 2025

Business·Top Stories

Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Neimeth International Pharmaceuticals Plc grew its top line by triple-digits or 102.98 percent in 2024, after generating N4.48 billion, surpassing the N2.20 billion turnover recorded in 2023. According to the company’s financial statements for the year ending December 31, 2024, Neimeth spent

May 28, 2025

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

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Meyer Spent N678m On Paint Production To Generate N1bn Revenue In Q1

The revenue of Meyer Paints increased by 73.75 percent to N1.09 billion in the first quarter (Q1) of 2025, up from N629.74 million reported in the same period in 2024. Meyer announced the turnover in its consolidated and separate financial statements for

May 27, 2025

Business·Top Stories

Champion Brew Records First Q1 Profit In Three Years – But Has A Cost Problem

Champion Brew announced solid financial returns in the first quarter (Q1) of 2025, however, the company has a finance cost problem that is affecting the brewer’s bottom line. According to its condensed Interim financial statements for the three-month period ended March 31,

May 26, 2025

Business·Top Stories

Lafarge Africa Records N248bn Revenue, Profit Increases By 836%

The revenue of Lafarge Africa rose by 80.26 percent to N248.35 billion in the first quarter (Q1) of 2025, up from N137.77 billion generated in the same period last year. According to the company’s consolidated and separate financial statements for the period

May 23, 2025

Business·Top Stories

BUA Cement Loses 52% Of Revenue To Cost Of Production – But Profit Triples

In its unaudited financial statements for the period ended March 31, 2025, BUA Cement reported N290.82 billion revenue, up by 80.48 percent compared to the N161.13 billion generated in the corresponding period in 2024. The cement manufacturer also saw a double-digit growth

May 22, 2025

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Revenue - Page 6

GTCO’s Profit Dropped To N258bn In Q1 2025

Legend Internet Struggling To Attract Investors After Poor Financial Performance

Zenith Bank’s Revenue Increased To N949.85bn, Profit Grew By 20.70% In Q1 2025

Dangote Sugar Struggling With Production Cost, Operating Profit Drops By 48%

Linkage Assurance Records N6bn Revenue, Tax Burden Affects Profit Growth

Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Meyer Spent N678m On Paint Production To Generate N1bn Revenue In Q1

Champion Brew Records First Q1 Profit In Three Years – But Has A Cost Problem

Lafarge Africa Records N248bn Revenue, Profit Increases By 836%

BUA Cement Loses 52% Of Revenue To Cost Of Production – But Profit Triples

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Revenue - Page 6

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