Firms can’t escape macro woes as Q1 results reveal flat revenues, profit margins

Nigerian economy

Ninety-five firms have released first quarter (Q1), 2019 results as at May 10, 2019 and the data showing slow revenue growth and flat profit margins signals that firms cannot escape what ails the wider Nigerian economy. The unpredictable macroeconomic environment means revenues are growing at a slow pace while rising operating costs are eroding profitability.

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