By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-Primary mortgage institution (PMI), Infinity Trust Mortgage Bank Plc on Tuesday announced its profit before tax (PBT) climbed up 116.9 percent in the second quarter (Q2) of 2014 to N169.012 million from N77.923 million recorded in the same period of 2013. Also, profit after tax (PAT) […]
Author: InvestAdvocate
Sovereign Trust Pre Tax Profit Down 82.7 Percent
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Insurance firm, Sovereign Trust Insurance Plc on Tuesday announced its pre tax profit went down 82.7 percent to N274.859 million in its audited year end 2013 from N1.585 billion recorded in 2012. Similarly, post tax profit dipped 76.5 percent to N346.930 million from N1.476 billion […]
UBA Launches Salary Advance Credit Card for Workers
The United Bank for Africa (UBA) Plc has introduced a new product named ‘U-Advance Card, a payment card that allows workers that operate a salary account with the bank to get a credit advance ahead of pay-day. According to the bank, the U-Advance card is an internationally accepted card payment […]