UBA declares N0.20 interim dividend on 30% PAT growth
Adesola Afolabi
September 2, 2019
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. […]
Stanbic IBTC HY 2019 results mixed as top line increases 3%, bottom line dips 16%
Adesola AfolabiAugust 28, 2019
Stanbic IBTC Holdings Plc has released its financial results for the half-year (HY) period ended June 30, 2019, declaring a 3 percent increase in gross earnings and a 16 percent decline in profit after tax. The consolidated and separate interim financial statements were released to the investing public through the website of The Nigerian Stock […]
Jumia reports 94% increase in 2019 second quarter
Businessam StaffAugust 22, 2019
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
Adesola AfolabiAugust 16, 2019
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 […]
NB posts 4% revenue growth q/q as strong performance of premium brands cushion excise duties effect
Afolabi OluwaseunAugust 1, 2019
Nigerian Breweries Plc., one of Nigeria’s top brewers has announced the Company’s results for the first half of the year ended 30th June, 2019, posting a revenue growth of 4 percent quarter on quarter to N170.2 billion, buoyed by strong performance in the premium and mainstream segments despite the impact of the increase in excise […]
Nigerian Breweries records N13bn tax on N170bn revenue in 2019 first half
Adesola AfolabiAugust 1, 2019
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 […]
Sterling Bank reports 19.1% net interest income growth, as earnings, profit dip
Adesola AfolabiAugust 1, 2019
Sterling Bank Plc, has reported a net interest income growth of 19.1 percent to N30.4 billion for the half year ended June 30, 2019 as against N25.5 billion for the corresponding period of 2018. However, the lender declared a profit before tax of N6 billion in the half year period of 2019, 6 percent lower […]
Pasta sales beef up Honeywell Flour Mills first quarter performance
Adesola AfolabiJuly 31, 2019
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 […]
Seplat reports 146% PAT growth, on track for 55,000 boepd production
Adesola AfolabiJuly 30, 2019
Seplat Petroleum Development Company Plc (Seplat), an indigenous oil and gas company listed on both the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE), has recorded a rise of 146 percent in its half-year profit after deferred tax. The company also noted that in spite of production challenges witnessed in the first half of […]
Union Bank reports strengthened CAR of 19% as NPLs trickle downwards
Adesola AfolabiJuly 30, 2019
The recently completed series 3 N30 billion funding, for Union Bank Nigeria (UBN) has strengthened the lender’s Capital Adequacy Ratio (CAR) to 19.4 percent in June 2019 compared to 16.4 percent as at December 2018. This was disclosed by Joe Mbulu, the bank’s chief financial officer, following the release of 2019 half year numbers on […]