Beta Glass’ 9M pre-tax profit falls 6.4% to N37.64 billion as finance costs surge 45%
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Nairametrics
Reported by Kelechi Mgboji
Sun, 1 Nov 2026, 06:17
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Source Attribution: Nairametrics
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Honeywell Flour Mills’ H1-2027 pre-tax profit jumps 1,115% to N31.40 billion as revenue rises 41%MTN Nigeria’s 9M pre-tax profit rises 59.4% to N1.80 trillion as revenue hits N4.61 trillionMutual Benefits records N13.89 billion pre-tax profit as insurance revenue hits N65.16 billion Finance costs rose by 44.69% to N8.93 billion, while finance income increased by 14.26% to N8.56 billion, resulting in a net finance expense of N373.56 million compared with net finance income of N1.32 billion a year earlier. According to the company’s unaudited third-quarter financial statements filed with the Nigerian Exchange (NGX), revenue increased by 4.98% to N120.08 billion from N114.38 billion.
Context & Background
✦Profit after tax declined by 8.44% to N24.93 billion from N27.22 billion, while earnings per share fell to N41.55 from N45.38, despite an improvement in third-quarter earnings.
Key Figures & Named Entities
2026:Beta Glass Plc recorded a 6.39% decline in pre-tax profit to N37.64 billion for the nine months ended September 30, 2026, compared with N40.32 billion in the corresponding period of 2025, as higher finance costs and foreign exchange losses offset growth in operating profit.4.98%:According to the company’s unaudited third-quarter financial statements filed with the Nigerian Exchange (NGX), revenue increased by 4.98% to N120.08 billion from N114.38 billion.8.44%:Profit after tax declined by 8.44% to N24.93 billion from N27.22 billion, while earnings per share fell to N41.55 from N45.38, despite an improvement in third-quarter earnings.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦Honeywell Flour Mills’ H1-2027 pre-tax profit jumps 1,115% to N31.40 billion as revenue rises 41%MTN Nigeria’s 9M pre-tax profit rises 59.4% to N1.80 trillion as revenue hits N4.61 trillionMutual Benefits records N13.89 billion pre-tax profit as insurance revenue hits N65.16 billion Finance costs rose by 44.69% to N8.93 billion, while finance income increased by 14.26% to N8.56 billion, resulting in a net finance expense of N373.56 million compared with net finance income of N1.32 billion a year earlier.
✦According to the company’s unaudited third-quarter financial statements filed with the Nigerian Exchange (NGX), revenue increased by 4.98% to N120.08 billion from N114.38 billion.
✦Profit after tax declined by 8.44% to N24.93 billion from N27.22 billion, while earnings per share fell to N41.55 from N45.38, despite an improvement in third-quarter earnings.
Key Facts:2026: Beta Glass Plc recorded a 6.39% decline in pre-tax profit to N37.64 billion for the nine months ended September 30, 2026, compared with N40.32 billion in the corresponding period of 2025, as higher finance costs and foreign exchange losses offset growth in operating profit.4.98%: According to the company’s unaudited third-quarter financial statements filed with the Nigerian Exchange (NGX), revenue increased by 4.98% to N120.08 billion from N114.38 billion.8.44%: Profit after tax declined by 8.44% to N24.93 billion from N27.22 billion, while earnings per share fell to N41.55 from N45.38, despite an improvement in third-quarter earnings.45%: Beta Glass Finance Costs jump 45%: Beta Glass recorded a 1.23% increase in operating profit to N39.25 billion, but higher financing expenses and currency losses weighed on pre-tax earnings.
Editorial Excerpt
Beta Glass Plc recorded a 6.39% decline in pre-tax profit to N37.64 billion for the nine months ended September 30, 2026, compared with N40.32 billion in the corresponding period of 2025, as higher finance costs and foreign exchange losses offset growth in operating profit.
Frequently Asked Questions About This Story
What is the latest development regarding MTN Nigeria?
Honeywell Flour Mills’ H1-2027 pre-tax profit jumps 1,115% to N31.40 billion as revenue rises 41%MTN Nigeria’s 9M pre-tax profit rises 59.4% to N1.80 trillion as revenue hits N4.61 trillionMutual Benefits records N13.89 billion pre-tax profit as insurance revenue hits N65.16 billion Finance costs rose by 44.69% to N8.93 billion, while finance income increased by 14.26% to N8.56 billion, resulting in a net finance expense of N373.56 million compared with net finance income of N1.32 billion a year earlier.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include MTN Nigeria.
What timeline or key figures were confirmed?
Beta Glass Plc recorded a 6.39% decline in pre-tax profit to N37.64 billion for the nine months ended September 30, 2026, compared with N40.32 billion in the corresponding period of 2025, as higher finance costs and foreign exchange losses offset growth in operating profit.
