Pre-tax profit – InfoStride News

Infinity Trust Mortgage Bank Achieves Remarkable 107% Growth in Pre-Tax Profit for Q3 2024

Temitope Nlewemchi — Tue, 29 Oct 2024 21:02:34 +0000

Infinity Trust Mortgage Bank has reported an impressive 107% growth in pre-tax profit for the third quarter of 2024, showcasing the bank’s resilience and effective business strategies in a challenging economic landscape. This remarkable achievement underscores the bank’s commitment to delivering value to its stakeholders while navigating the complexities of the mortgage finance sector. Financial [...]

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Dangote Cement Reports Marginal Increase in Nine-Month Pre-Tax Profit, Reaching N406.38 Billion

Temitope Nlewemchi — Tue, 29 Oct 2024 20:20:50 +0000

Dangote Cement, Africa’s largest cement producer, has reported a marginal increase in its pre-tax profit for the first nine months of 2024, reaching N406.38 billion. This slight growth reflects the company’s resilience in navigating a challenging economic landscape characterized by fluctuating demand and rising operational costs. The results underscore Dangote Cement’s strong market position and [...]

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MRS reports N3.411 billion pre-tax profit in Q2 2024

Temitope Nlewemchi — Mon, 29 Jul 2024 09:10:22 +0000

MRS Oil Nigeria Plc has reported a pre-tax profit of N3.411 billion for the Q2 ended June 30, 2024, representing 190.96% year-on-year (YoY) increase. According to the company’s Q2 2024 financial statements, MRS Oil reported impressive revenue of N82.813 billion, marking a 186.94% year-on-year increase from the N28.880 billion recorded the previous year and a [...]

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Okomu Oil posts N6.24 billion pre-tax profit in Q2 2024, missing expectations

Temitope Nlewemchi — Mon, 29 Jul 2024 09:01:45 +0000

Okomu Oil Palm Plc reported a pre-tax profit of N6.24 billion for Q2 ending June 30, 2024, representing a 22.28% year-on-year (YoY) decline and falling short of the company’s Q2 2024 pre-tax profit forecast of N6.699 billion. According to Okomu Oil Palm Plc’s Q2 2024 financial statements, the company reported revenue of N31.525 billion, which [...]

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Airtel Africa reports $74 million pre-tax profit as Nigerian subsidiary struggles

Temitope Nlewemchi — Mon, 29 Jul 2024 08:46:31 +0000

Airtel Africa has recorded a profit before tax of $74 million for the quarter ending June 30, 2024. This marks an impressive 134% year-on-year appreciation from the $221 million pre-tax loss posted by the company in corresponding period of the 2022/2023 financial year. Following the impact of currency devaluation, especially in Nigeria, the group’s revenue [...]

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Infinity Trust Mortgage Bank Posts Strong Performance with N1.21 Billion Unaudited Pre-Tax Profit in 2023

Temitope Nlewemchi — Wed, 17 Jan 2024 22:45:04 +0000

Infinity Trust Mortgage Bank, a key player in Nigeria’s financial sector, has reported a robust financial performance, revealing an unaudited pre-tax profit of N1.21 billion for the year 2023. This impressive result underscores the bank’s effective management, strategic positioning, and resilience in the dynamic economic landscape. Key Highlights of Infinity Trust Mortgage Bank’s Financial Performance: [...]

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