Healthcare, tourism post unimpressive Q1 results as profits decline to N156bn

The combined profit after tax of 46 companies listed on the Nigerian Stock Exchange fell by 7.78 percent at the end of the first quarter of 2019, a development that analysts, researchers and other stakeholders have attributed to the current bearish runs in the market. The decline in profit after tax was more prominent among the firms listed in tourism and hospitality as well as in healthcare sub sector. The analysis which covered 46 firms featured five stocks from the banking sub sector; two