Profit Archives — Page 3 of 7 — City Business News

February 11, 2022 No Responses

Toyota Quarterly Profit Beats Estimates

Toyota has declared a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.AFP report that the Japanese auto giant, which kept its crown as...

December 3, 2021 No Responses

Okomu Oil Targets N16.1b Turnover, N4.4b Profit in 2022 Q1

By Moses Ebosele, ebosele@hotmail.com — For the 2022 First Quarter (Q1), Okomu Oil Palm Company Plc has projected N16.2B (N16,158, 477) turnover and profit after tax of N4.4b (N4,470, 477). In its presentation of forecast to the...

November 4, 2021 No Responses

BMW Beat Forecasts, Declares $2.99b Profit In Q3

For the third quarter (Q3)ended September, 2021, BMW beat analysts’ forecasts on Wednesday with a 42.4% year-on-year increase in net profit to 2.58 billion euros ($2.99 billion). According to Reuters, higher prices and strong electric vehicle sales helpe...

October 30, 2021 No Responses

ExxonMobil Q3 Profits Rebound To $6.8b

ExxonMobil’s profits rebounded in the third quarter on strengthening oil and natural gas prices as the petroleum giant announced a new share repurchase programme, according to results released on Friday. The US oil company reported profits of S$6.8 billi...

October 27, 2021 No Responses

Twitter Profits Slump To $809m

Twitter lost more than half a billion dollars in the three months to September after it paid $809.5m (£588m) to settle a long-running lawsuit. The social media giant was accused of misleading investors over user engagement in 2015. However despite...

October 26, 2021 No Responses

BUA Cement Declares N65.91b Profit In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the third quarter ended September 30, 2021, BUA Cement Plc has declared Profit After Tax of N65.91 billion, 23.22 percent higher than the N53.49 billion attained within same period in 2020. Within the ...

October 26, 2021 No Responses

Q3: Nestle Nigeria Attains N33.58b Profit, To Pay 25k Interim Dividend

By ebosele@hotmail.com — For the third quarter ended September 30, 2021, Nestlé Nigeria Plc attained profit after tax (PAT) of N33.58 billion from N31.93 billion in the same period of 2020, representing a five percent increase. The company’s revenu...

October 3, 2021 No Responses

BMW Lifts 2021 Annual Profit Forecast To 9.5%-10.5%

The management of BMW AG has lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%. The company in a statement also boosted its forecast for return on equity in its financial services segment to 20%-23% fr...

September 15, 2021 No Responses

UBA’s Half-Year Profit Grows By 33% To N76.2b

The United Bank for Africa (UBA) Plc has announced its audited half-year financial results for the half-year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution deliv...

September 7, 2021 No Responses

Stanbic IBTC Records 50.13% Drop In Profit

Stanbic IBTC Holdings Plc on Monday posted a profit before tax (PBT) of N24.70 billion for the six months ended June 30, 2021. This was stated in the bank’s consolidated and separate interim financial statements signed by the Company Secretary,...

September 6, 2021 No Responses

SEC To Reduce Cost, Assures Of Profitability In Two Years

The Securities and Exchange Commission has unveiled plans to reduce its operating costs in order to boost profitability within the next two years.The Director-General, SEC, Mr Lamido Yuguda who said this in Abuja, also noted that the Commission has been...

September 3, 2021 No Responses

Access Bank Declares N86.93b Profit In Six Months

For the six months ended June 30, 2021, Access Bank Plc has reported Profit After Tax (PAT) of N86.93 billion, against N61.03 billion in the comparative period of 2020. The bank’s interim financial statement signed by the Company Secretary,...

August 2, 2021 No Responses

Dangote Cement Declares N191.6b Profit In Six Months

The Dangote Cement, has posted a Profit After Tax (PAT) of N191.6 billion, after a tax charge of N89.6 billion in its unaudited results for the half-year ending on June 30. In a statement on Sunday, the Group Managing Director, Mr...

July 23, 2021 No Responses

Daimler Reports $4.3b Quarterly Profit

Germany – German auto maker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that the company can invest in its shift to electric vehicles....