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%.
It was a bearish session on the floor of the Nigerian stock market on Wednesday as investors’ wealth dropped by N693 billion. The All Share Index was down by 0.70% to close at 154,260.98 points from the previous close of 155,353.20 points. The Market Capitalisation declined by 0.70% to close at N97.914 trillion from the previous close […]
Guaranty Trust Holding Company Plc (GTCO) has released its unaudited financial results for the nine-month period ended September 30, 2025. The Group reported Gross Earnings of ₦1.642 trillion, representing a decline of 8.71% compared to ₦1.798 trillion recorded in the corresponding period of 2024. Profit After Tax (PAT) stood at ₦696.4 billion, down 35.52% from ₦1.085 trillion[…]
