May 2, 2025/Cordros Report Guaranty Trust Holding Company Plc (GTCO) published their unaudited Q1-25 financials after the close of business on Wednesday (30 April), recording a significant decline in EPS (-51.7% y/y) to NGN7.84. The decline stemmed from the lower non-interest income (-70.1% y/y) recorded. The group reported a 41.1% […]
Author: InvestAdvocate
Presco Plc Q1-25: Strong Topline Growth Drives Profitability
May 2, 2025/Cordros Report Presco Plc (PRESCO) published their Q1-25 unaudited financial results after close of business on Wednesday (30 April), reporting a standalone EPS of NGN47.58 in Q1-25 (Q1-24: NGN24.06). This strong earnings performance was primarily driven by exceptional topline growth (+120.4% y/y). PRESCO’s revenue rose by 120.4% y/y […]
SEC Charges Three Texans with Defrauding Investors in $91 Million Ponzi Scheme
May 2, 2025/US SEC On April 29, 2025, the Securities and Exchange Commission charged Dallas-Fort Worth residents Kenneth W. Alexander II, Robert D. Welsh, and Caedrynn E. Conner for operating a Ponzi scheme that raised at least $91 million from more than 200 investors. According to the SEC’s complaint, between […]
