October 22, 2024/InvestmentOne Report Significant Increase in Interest Income: United Bank for Africa (UBA) released its financial statements for the period ended September 2024 which revealed an impressive performance in income from core business. Specifically, interest income rose by 169.99% YoY to NGN1.79trn in 9M’2024 driven by the high yield […]
Results & Dividends
UBA 9M 2024: Strong Growth in Interest and Fee Income amidst High Opex Growth.
October 22, 2024/CSL Research UBA’s 9M 2024 unaudited numbers showed a strong 170.0% y/y growth in Interest Income to N1,798.9bn driven mainly by growth in Interest Income on Investment Securities and loans. Q/q, Interest Income was up 41.3% in Q3 2024 compared with Q2 2024. Net Loans to customers grew […]
Unilever Nigeria Plc Q3-24: Strong Topline Growth Supports Profitability
October 21, 2024/Cordros Report Unilever Nigeria Plc (UNILEVER) published their Q3-24 unaudited results this afternoon reporting standalone earnings per share of NGN1.14 (Q3-23: NGN0.59). Similarly, for 9M-24, the company also posted an EPS increase to NGN1.92 (9M-23: NGN1.30). The increase in earnings was primarily due to robust revenue growth (+54.5% […]
