Corporate financial reports, simply explained.
Revenue up 12%, pre-tax profit up 43%, and a tax rate near 49%. We read Nestlé Nigeria's full filing — the currency gain, the marketing spend, and ₦575m left in the bank.
| Revenue | ₦650.8bn |
| Profit after tax | ₦64.8bn |
| Cash and deposits | ₦5.6bn |
From a ₦24.3bn loss to a ₦41.5bn profit, on revenue that fell 8.9%. We read Dangote Sugar's full filing — the raw sugar, the debt swap, and the equity that rests on a revaluation.
| Profit after tax | ₦41.5bn |
| Revenue | ₦391.9bn |
| Short-term gap | ₦462.8bn |
