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Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy. United African Company of Nigeria (UACN) troubled business outing which resulted in a weaker earnings debut in the first quarter has prompted a downgrade. In an equity report, WSTC Securities downgraded the company’s earnings per share to 94 kobo from 98 kobo, having factor pressure in the paints segment into its estimates. The company faced an input material conundrum for the Paint segment which resulted in increased input costs and then a sli...

Omantel Group posts revenue of RO 602.7m in Q1 2021 Published: 10:05 PM, May 14, 2021 Revenue from Omantel’s domestic operations totalled RO 131.4 m, down from RO 153.3 m for the corresponding period of 2020 Omantel-telecom-services-714x502 SHARE The majority state-owned Omantel has posted a decline in the Group’s revenue for the first quarter of 2021, which slid to RO 602.7 million this year, compared to RO 651 million for the corresponding period of 2020. The Group revenue includes acquired business of Zain Group, which contributed revenues of R...

Omantel Group posts revenue of RO 602.7m in Q1 2021 Published: 10:05 PM, May 14, 2021 Revenue from Omantel’s domestic operations totalled RO 131.4 m, down from RO 153.3 m for the corresponding period of 2020 Omantel-telecom-services-714x502 SHARE The majority state-owned Omantel has posted a decline in the Group’s revenue for the first quarter of 2021, which slid to RO 602.7 million this year, compared to RO 651 million for the corresponding period of 2020. The Group revenue includes acquired business of Zain Group, which contributed revenues of R...

Apr 26, 2021 Engage with Group Exco regularly to ensure they are always up to date and up to speed with what is going on in IT Keep all Leaders fully informed and updated on all IT matters affecting them and their divisions Keep engaging daily with Business on problem areas in IT that affect them or could affect them Engage Business on Project Ownership and Sponsorship and ensure they are always fully appraised of their responsibilities around their Projects Ensure Business know what IT is doing and what problems we are having relative to their areas of accountability and Assist business with...

Garware Technical Fibres Q3 net profit rises 49% to ₹43.2 cr February 15, 2021 Net sales too climbed 18.1% to ₹278.43 cr Garware Technical Fibres Ltd (formerly Garware Wall Ropes Ltd), a leading manufacturer of technical textiles for the Indian and global markets, said net profit for the third quarter ending December 2020 increased 49 per cent to ₹43.2 crore year-on-year. It had registered a net profit of ₹28.9 crore in the corresponding period of the previous year. Net sales increased by 18.1 per cent to ₹278.43 crore in Q3 FY21 compared to ₹235.78 crore in Q3 FY20. Profit befor...