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    Sunday, June 21

    R.T BRISCOE Gains 61% after Significant Earnings Growth

    Julius AlagbeBy Updated: Analysis No Comments1 Min Read
    R.T BRISCOE Gains 61% after Significant Earnings Growth

    R.T BRISCOE Gains 61% after Significant Earnings Growth

    Automobile and auto part retailer, R. T Briscoe Plc’s share price increased by about 61% over five trading sessions in the Nigerian stock market as investors chased cheaper companies.

    Trading at its 52-week high, the company’s share price climbed to N12.63 in the market, up from N7.86 at the beginning of the week, driven by increased market activity.

    The company’s market value surged to N14.857 billion on the Nigerian Exchange (NGX) as investors accelerated bargain hunting after the 2025 earnings release.

    Investors targeted R.T Briscoe’s improved metrics as earnings per share adjusted upward by 256% year on year to 245.47 kobo from 69 kobo in the comparable period.

    R.T Briscoe grew profit after tax by 257% year on year to N2.887 billion, according to data obtained from its audited financial statement released in January. The company’s revenue increased by 41% year on year to N40.414 billion.   U.S. Dollar Index Stalls after Gains Against G10

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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