CADBURY NIGERIA PLC released its result for the half year ended 30th June, 2016 today. The result showed the Revenue of the Company declined by 1.6% to N13.9bn. However, the Profit after Tax for the period was N147.1m relative to a loss of N250.7m made in 2015 due to lower Cost of Sales and expenses (2016 EPS, 8 kobo; 2015 EPS, -13 kobo).
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Following the Profit Warning Statement earlier released to the market, LAFARGE AFRICA PLC has released its result for the half year ended 30th June, 2016 which showed its Revenue declined by 29.4% to N107.4bn. The Company however made a Loss after Tax of N30.2bn relative to a profit of N27.3bn made in 2015, due to higher Other Loss (278.1% higher to N28.5bn) and higher Financial Charges (159.5% higher to N4.6bn) (2016 EPS, -554 kobo; 2015 EPS, 586 kobo).
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TRANSCORP HOTELS PLC also released its result for the half year ended 30th June, 2016 today which showed its Revenue increased by 5.1% to N7.6bn. The Company’s Profit after Tax was 7.5% higher at N1.9bn (2016 EPS, 25 kobo; 2015 EPS, 23 kobo).
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