Forex shortage tips FrieslandCampina Nigerian unit into record quarterly loss

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

For the three months under review, FrieslandCampina WAMCO Nigeria posted a slight drop in revenue to N81.9 billion.

Cost of sales contracted by 6 per cent, but selling and distribution costs accelerated by one-fifth to almost N7 billion.

The company trades its shares over the counter at Lagos NASD OTC Securities Exchange, where they are quoted at N71.50 per unit and a market capitalisation of N139.6 billion at market close on Tuesday.an exchange rate loss of €63 million in its Nigerian operation in its 2022 financial statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NIGERIAN PLAYERS ABROAD: Osimhen strikes in Scudetto celebrationsA weekend of celebration for Osimhen, Oshoala after their league triumphs. Ebenezer Bajela and Adewale Abiodun take a look at how other Nigerians performed in Europe
Source: MobilePunch - 🏆 8. / 63 Read more »

Nigerian emerges chair of West Africa insurance bodyPast Chairman of the Nigerian Insurers Association and Group Managing Director of Consolidated Hallmark Insurance Plc, Mr Eddie Efekoha, will become the next president of the West African Insurance Companies Association president of WAICA for the next one year.
Source: MobilePunch - 🏆 8. / 63 Read more »

BREAKING: Nigerian Election Petitions Tribunal Postpones Hearing Of Atiku, APM’s Petitions To Tuesday | Sahara ReportersThe Presidential Election Petitions Tribunal has postponed the hearing of the petitions filed by the candidate of the Peoples Democratic Party, Atiku Abubakar and the Allied Peoples Movement. SaharaReporters earlier reported that the hearing of the petitions would begin today (Monday) and that security had been beefed up around the venue in Abuja. The Independent National Electoral Commission had declared Bola Tinubu of the ruling All Progressives Congress as the winner of the February 25 presidential election.
Source: SaharaReporters - 🏆 9. / 63 Read more »

Eighth batch of Nigerian evacuees fleeing Sudan arrive Abuja | TheCableThe Nigerians in Diaspora Commission (NiDCOM) says the eighth batch of Nigerians evacuated from Sudan has arrived in Abuja.
Source: thecableng - 🏆 2. / 80 Read more »

I am Nigerian - Drake shares father’s ancestry resultsPopular American rapper, Aubrey Drake Graham, AKA Drake has claimed he may be Nigerian following the outcome of a recent ancestry test by his family.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Drake Reveals His Father Is 30% Nigerian, Shares Ancestry ResultsGrammy award-winning Canadian rapper, Aubrey Graham AKA Drake has claimed he may be Nigerian following the results of his father’s DNA ancestry test.
Source: LeadershipNGA - 🏆 4. / 77 Read more »