UBA declares N0.20 interim dividend on 30% PAT growth

United Bank for Africa Plc has announced its audited half year financial results for the period ended June 2019, showing a 30 percent growth in Profit After Tax (PAT). Board of directors for the company thus declared an interim dividend of N0.20 per share for every ordinary share of N0.50 each held by its shareholders. […]

Jumia reports 94% increase in 2019 second quarter

Jumia Technologies on Thursday announced its financial results for the second quarter ended June 30 with a 94 percent increase in gross profit. Sacha Poignonnec, the co-chief executive officer of Jumia, disclosed this at a media briefing held in Lagos. According to him, the quarter witnessed continued strong growth of top-line drivers, delivery of cost […]

GTBank grows half year post tax profit to N99bn declares 30k interim

Top tier Nigerian financial institution, Guaranty Trust Bank (GTBank) has released its audited half year financial results, reporting a post tax profit of N99 billion. The results, filed Friday on the Nigerian Stock Exchange (NSE), for the period ended June 30, 2019 showed the profit after tax increased by 3.66 percent from N95.6 billion. The […]

Nigerian Breweries records N13bn tax on N170bn revenue in 2019 first half

Nigerian Breweries Plc has announced the company’s results for the first half of the year ended 30th June, 2019. According to the unaudited and provisional results filed with the Nigerian Stock Exchange (NSE) the company announced a revenue of N170.2 billion for the period under review and Profit after Tax (PAT) of N13.3 billion during […]

Pasta sales beef up Honeywell Flour Mills first quarter performance

Honeywell Flour Mills Plc (HFMP) first quarter profit performance for the period ended June 30, 2019 improved by 6 percent thanks to sales from its pasta products. This was inspite of finance costs incurred by the company to set up an ultra modern factory for the seamless availability of its products. As a result of […]