Dangote Sugar Refinery Plc has announced a substantial loss after tax of N184.36 billion for the nine-month period ending September 30, 2024.
While the company’s revenue grew by 56.41% to N484.427 billion, a significant increase in finance costs (up 1561.8%) to N300.175 billion eroded profitability.
As a result, the company’s earnings per share stood at a negative N15.18. This translates to a negative P/E ratio of 2.03x and a negative earnings yield of 49.28%.
Guaranty Trust Holding Company Plc (GTCO) has made significant strides in its growth and expansion plans, completing the first tranche of its equity capital raise programme. The highlights of this milestone are as follows: Key Developments: CEO’s Statement: Segun Agbaje, the Group CEO, expressed gratitude to shareholders and regulators for their support. He highlighted the successful capital […]
Tuesday’s trading activities on the floor of the Nigerian stock market closed bearish on profit taking in 51 stocks. The All Share Index declined by 0.24% to close at 103,398.82 points from the previous close of 103,648.24 points. The Market Capitalisation declined by 0.24% to close at N63.051 trillion from the previous close of N63.203 trillion, thereby[…]
