Company
Flour Mills of Nigeria Sees 76% Revenue Surge to N1.7 Trillion in H1’25 Amid Robust Growth Across Segments
Flour Mills of Nigeria Plc (FMN), one of the leading food and agro-allied companies in Nigeria, has announced a strong financial performance for the first half of its 2025 fiscal year (H1’25). The company reported significant growth across all key financial metrics, despite the challenging macroeconomic environment. The H1’25 results reflect the effectiveness of FMN’s […]
Net Profit Growth: AXA Mansard Achieves 20% Rise in Operating Profit to ₦15 Billion in Q3 2024
As of Q3 2024, AXA Mansard Insurance Plc. has shown notable resilience and growth in a challenging financial environment. The report, prepared under International Financial Reporting Standards (IFRS) and aligned with Nigeria’s Companies and Allied Matters Act (CAMA) 2020, highlights robust asset management, increased operating profits, and strategic expansions. The company’s strengthened equity position and […]
Debt-Equity Restructuring Lowers Cadbury Nigeria’s Financing Cash Outflows by 63%
Executive Summary Cadbury Nigeria Plc demonstrated mixed financial performance in the first nine months of 2024, marked by substantial revenue growth but facing significant profitability challenges. While achieving notable top-line growth, the company grappled with margin pressures, foreign exchange losses, and a reduced equity position, necessitating strategic financial restructuring initiatives to maintain stability. Revenue and […]