UAC of Nigerian Plc has announced a strategic partnership with Imperial Logistics, an arm of South African-based Imperial Holdings Limited. The agreement, signed by both companies, shows that Imperial Logistics is to acquire 49 per cent equity in MDS Logistics Plc, a wholly-owned subsidiary of UAC. A statement by UAC […]
Author: InvestAdvocate
UBA’s Q1 profit up by 19%
United Bank for Africa Plc has recorded a 19 per cent increase in its profit after tax for the first quarter ended March 31, 2013. Its result released to the Nigerian Stock Exchange on Monday showed that profit after tax, which stood at N13.1bn in the corresponding period of 2012, […]
UBA Bounces Back, Posts N54bn Profit
United Bank for Africa (UBA) Plc last Friday announced a recovery from the N6.8 billion loss in 2011 to a profit N54.8 billion in 2012. The company also recommended a dividend payment of 50 kobo per share for the year. UBA had in 2011 posted a loss on account of […]
