More Nigerian firms have filed their Q3 earnings at the Nigerian Stock Exchange, with Okomu Oil Plc the only one to record a substantial rise in profit in the quarter.

For Okomu, turnover increased from N6.9 billion to N7.75 billion during the period and
gross profit before tax also increased to 2.55 billion naira versus 2.07 billion naira last year.

Sterling recorded a slight decrease in its gross profits, from N8.5 billion in September last year to N8.3billion this year. Turnover however increased for the nine months
from N73.03 last year to N81.82billion this year.

Profit after tax was  N7.55 billion for the nine-month period ended Sept. 30, 2015.
This represented a 6.86 percentage increase on the N7.06 billion the bank declared in the corresponding period of 2014.

Also, the net interest income declined by 0.74 per cent from the N30.39 billion as at Sept. 30, 2014 to the N30.17 billion recorded in the period under review.

Net assets, however, dropped by 4.8 per cent to N704.35 billion from the N739.82 billion recorded in the same period last year.

For GlaxoSmithkline, it was a story of deep gross profit plunge, from N2.06 billion to N700million.

Its turnover also marginally reduced, from N23.21 billion to N23.04 billion, underlying the difficult environment.

Nigerian Aviation Handling Company Plc reported a higher turnover, growing from n6.02 billion last year to N6.32 billion in the third quarter this year.

But profit for the period was much lower than what was recorded last year. While it was N828.5 million last year, it fell to N695 million this year.overage: