Revenue declines 2.5% year-on-year. In its six months results to November 2014, PZ Cussons recorded revenue of N31.66billion, down by 2.5% compared with N32.46billion in the corresponding period of the preceding year. The period's revenue is lower than 8-quarter average of N18.11billion by 8.1%; similarly the revenue is lower than our estimate of N18.18billion by 8.5%.
Today, DANGSUGAR experienced growing bargain appetite to extend the 5-day gaining streaks with impressive gain of +5.00%. The stock records 4weeks high with an upper breakout, following 12months active sell-down trend.
Further to the official closure of the MTO of Ashakacem Plc on 23 January 2015, Capital Assets Limited has directed that Dealing Members should forward all duly executed MTO Acceptance Forms received from their clients to the Registrars office (address below) before 1.00 p.m. on Friday 30 January 2015.
Today, FCMB recorded a modest gain to halt prolonged sell activities, following a significant decline in pessimistic trading pattern in an oversold region. This suggests improved optimism despite the sell activities witnessed during the bearish session.
Sequel to the resolution passed at its Extraordinary General Meeting held on 9 September 2014, Union Registrars Limited notified The Nigerian Stock Exchange that it has changed its name to GTL Registrars Limited.
The Company notified The Nigerian Stock Exchange that it has been commissioned by the Nigerian Petroleum Development Company (NPDC) to provide two (2) Anchor handling Tugs and supply vessels which will provide offshore support for the companys drilling and completions operations in OML-119, Okono Offshore Field Location.
Following sustained headwinds including the squeeze on household wallets arising from the partial removal of fuel subsidies in January 2012, a sharp rise in electricity tariffs and security challenges in north-east Nigeria, the sector's unit volume growth has decelerated to single-digits from the mid-to-high teens historic growth rates seen prior to 2012.