Tullow Oil PLC has announced an excellent operational and financial progress for the first half of the year as revenue is expected to hit $700 million with a realised oil price of $58 per barrel. This is because its production fields in West Africa are performing well and have successfully started its drilling programme in
Guinness Nigeria Grows Revenue to N72bn in Six Months one of the leading beverage and alcohol companies in Nigeria and a subsidiary of Diageo Plc, has reported a growth of N72.351 billion for the half year ended December 31, 2020, showing an increase of 5.9 per cent compared with N68.327 billion in the corresponding of
Zoom’s (ZM) revenue surged more than 350% in the second quarter, and profits rocketed by nearly 10 times as much, as companies signed up for the video conferencing app to connect staff working from home during the pandemic. The California-based video communication service provider reported a net profit of $185.7 million for the quarter through
Lenovo Group announced group revenue in the first quarter reached US$12.5 billion, the eighth consecutive quarter of growth. Pre-tax income more than doubled year-on-year, growing by US$127 million to reach US$240 million. Net income also more than doubled, up US$85 million to US$162 million. Basic earnings per share for the first quarter were 1.37 US
The Kwara State Government said it generated the sum of N16.139 billion as internally generated revenue (IGR) in the first half of 2019. Speaking with journalists at a quarterly media briefing of the State Internal Revenue Service (KWIRS) in Ilorin, recently, the executive chairman of the agency, Professor Muritala Awodun, said that a total sum
The management of Flour Mills of Nigeria Plc has assured trade partners of plan to double the company’ production capacity in the next five years. The company also outlined an ambitious business plan for the next five years. Group Managing Director of the company, Paul Gbededo, told stakeholders, including distributors at the 2019 Distributor’ Award
Mobile phone company Vodacom announced recently its service revenue rose five percent to R74.2 billion in the year ended March, while group revenue was up 4.3 percent to R90.1 billion. Vodacom, which concluded a R16.4 billion broad-based black economic empowerment (BEE) ownership deal in September, the largest of its kind in the ICT sector, said
Huawei Technologies announced recently that its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results. The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also added its net profit margin was around 8 percent for the quarter, which it said was slightly higher than the
The Federal Inland Revenue Service (FIRS), has revealed that it is partnering the National Lottery Regulatory Commission (NLRC) on Value Added Tax (VAT) payment automation for the lottery and gaming sector to boost revenue generation. FIRS Boss, Dr Babatunde Fowler, recently said that the agency would deploy technology to make tax payment all inclusive and
FCMB Group Plc has said its gross revenue rose by 4.3 per cent to N177.4bn at the end of 2018 from N169.9bn for the same period in 2017. In a recent report, the bank said its profit before tax rose by 73 per cent to N18.4bn as against N11.5bn in the preceding year. Following these,
