NewStats: 3,264,467 , 8,183,797 topics. Date: Wednesday, 11 June 2025 at 08:15 AM r5i56

crownprince2017:
Mega thanks jare, I they prepare for wedding, working on so many things.

Mcy, thanks for what you do, Just continue..

I'm very happy for you and my younger brother in this market jjc

Happy married life in advance...

Please don't act like Marketjjc that couldn't respect one year honeymoon rule

megawealth01:


Is it less than 500 yet?

Not yet. It's 550.

KarlTom:
You don vex...

The game is the game... NGX don't seem to have feelings?

GeeKudi:


Not yet. It's 550.

I dey wait am for junction until then

emmanuelewumi:



What is the duration before you pay the interest and rollover the loan.

It is 6 months with United Capital

interest is charged to the margin on the 1st working day of the following month, based on the portion of the loan utilized monthly.

ARADEL

https://doclib.ngxgroup.com/Financial_NewsDocs/42494_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

IB

https://doclib.ngxgroup.com/Financial_NewsDocs/42495_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

stockish:
How's jaiz resuit gentlemen and Ladies pls

This is JAIZ

https://doclib.ngxgroup.com/Financial_NewsDocs/42477_JAIZ_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf


INTERBREW
https://doclib.ngxgroup.com/Financial_NewsDocs/42495_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

Femi & Alhaji sold their holdings in the companies 100%, but Japaul is an additional investment and the existing owners maintained their stakes. So they are two different transactions

emmanuelewumi:


Please explain.

How much did Femi sell Forte Oil

In the first nine months of 2024, Nestle Nigeria Plc recorded a pre-tax loss of N255.38 billion on the back of significant increase in finance cost.

The company in the period saw its pre-tax losses rise by a whopping N198.73 billion when compared to the same period of 2023.

This is according to Nestle Nigeria Plc unaudited financial statement for the nine months ending September 30, 2024, published on the NGX where pre-tax losses rose from N56.65 billion in 2023 to N255.38 billion in the current period.

This marks an increase of 350% over the one year period.

The company also saw its net finance cost increase by 147% from N148.24 billion to N366.22 billion during the period.

Key Highlight of the report

Revenue- N665.28 billion, +68%
Cost of sales- N458.97 billion, +94%
Gross profit- N206.31 billion, +29%
Marketing and distribution expenses- N73.39 billion, +25%
istrative expenses- N22.54 billion, +132%
Operating Profit- N110.84 billion, +21%
Finance costs- N369.15 billion, +136%
Net Finance cost- N366.22 billion, +147%
Pre-tax loss- N255.38 billion, +350%
Income tax credit- N71.11 billion, +424%
Loss after tax- N184.27 billion, +328%
Basic Loss per share- (-N232.47k), -332%

Third Quarter performance

In the three months between July and September 2024, the company’s revenue grew from N134.82 billion to N258.31 billion. However, a significant increase in the cost of sales as well as net finance cost ensured the company was in the red during the period.

Cost of sales in the third quarter of 2024 nearly doubled from N81.98 billion in Q3, 2023 to N179.31 billion. Also, net finance cost in Q3, 2024 soared by over 160% from N18.33 billion in 2023 to N50.62 billion in the period under review. This resulted in an after-tax loss of N7.35 billion from an after -tax profit of N6.91 billion in the Q3, 2024.

Commentary: Nestle Nigeria Plc’s significant net finance cost resulted mainly from the translation of foreign currency denominated balances which resulted in a loss of N285.29 billion. In the corresponding year of 2023, the company’s translation of net exchange loss on foreign currency denominated balances stood at N127.45 billion.

Furthermore, interest expense on financial liabilities rose by 188% from N29.07 billion between January to September 2023 to N83.86 billion in the first nine months of 2024.
In the period under review, Nestle Nigeria’s raw material cost soared by over 100% from N116.83 billion to N251.12 billion. The company spent N108.51 billion on direct overhead cost and N36.22 billion on direct labour costs in the first nine months of the year.

yMcy56:

This is JAIZ

https://doclib.ngxgroup.com/Financial_NewsDocs/42477_JAIZ_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf


INTERBREW
https://doclib.ngxgroup.com/Financial_NewsDocs/42495_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

One of my ANAMBRA project wey just...

emmanuelewumi:



They cashed out big time, in fact Alhaji was ready to buy the company back from Tiger for less than what they paid him

See real Monkey Hunting. Skilled monkey hunting

BabsO2:


See real Monkey Hunting. Skilled monkey hunting

It is what it is

https://doclib.ngxgroup.com/Financial_NewsDocs/42494_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

EPS of 25.45k as against 4.41k

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/42494_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

EPS of 25.45k as against 4.41k

Fantastic...

ARADEL

IB seems to be turning the corner.
All eyes on FY24...

KarlTom:
ARADEL

https://doclib.ngxgroup.com/Financial_NewsDocs/42494_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

IB

https://doclib.ngxgroup.com/Financial_NewsDocs/42495_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

BabsO2:
See real Monkey Hunting. Skilled monkey hunting

Oga Emma is also guilty of what he calls others....lol.

phadriz:
Femi & Alhaji sold their holdings companies 100%, but Japaul is an additional investment and the existing owners maintained their stakes. So they are two different transactions

The guy who invested N20 billion, bought at a huge .

The same thing with those who bought Dangote Flour and Forte oil

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/42494_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

EPS of 25.45k as against 4.41k

Aradel will be very good buy at 300-400

megawealth01:


It is what it is

Nah so he MH us with the DANGSUGAR PO that was rated a buy by so so may analyst. But i saw it as a bloated price back then

BabsO2:


Nah so he MH us with the DANGSUGAR PO that was rated a buy by so so may analyst. But i saw it as a bloated price back then

Walahi you sabi this game

Mpeace:
Aradel will be very good buy at 300-400

Will it go less? Time will tell

Aradel now N495.10.

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/42494_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

EPS of 25.45k as against 4.41k

Are we looking at the same report? Wondering why they didn't add the FX gain to the EPS

Overall result is flat. Seems plenty chopping lines don enter Lol

NAHCO is in a class of its own ......

https://doclib.ngxgroup.com/Financial_NewsDocs/42496_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf



Why are they punishing ARADEL in Market?
I just pity those that picked @850..

yMcy56:

Oga Emma is also guilty of what he calls others....lol.

VAWULENCE is that you?

cocolacec:
Aradel now N495.10.

Where are those wanting to buy at below 500 abi una no pursue again?

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/42494_ARADEL_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

EPS of 25.45k as against 4.41k

Nothing fantastic in this, at least they promised to release their results today and there was no postponement

emmanuelewumi:




Nothing fantastic in this, at least they promised to release their results today and there was no postponement

Unlike the other one ba?

Ginalex:
interest is charged to the margin on the 1st working day of the following month, based on the portion of the loan utilized monthly.

That is cool, it operates like an overdraft facility

megawealth01:


Unlike the other one ba?

shildren of bob

megawealth01:


Unlike the other one ba?

Which other one

For a corporate organisation like MBC securities ltd, would you have expected a negotiation without a legal tussle (Behind the scene negotiation). And would this have happened without taking over the leadership structure of ELLAH Lakes?

emmanuelewumi:


At times the creditor might not have any other option to getting his money back other than accepting to cover the loan to equity and then have a seat on the board

The Koko is the loan conversion rate and other benefits as a board member and a major insider