October 31, 2023/CSL Research Zenith Bank’s 9M 2023 unaudited numbers showed 71.7% y/y growth in Interest Income driven by growth in Interest Income on both Net Loans and Investment Securities. Net Loans to Customers grew 44.0% in 9M compared with December 2022 inclusive of the impact of devaluation on foreign […]
Results & Dividends
Lafarge Africa Plc 9M 2023: FX Losses Drag Bottom-Line
October 31, 2023/CSL Research In its recently released 9M 2023 results, Lafarge Africa reported a 7.1% y/y growth in Revenue to N289.08bn in 9M 2023 from N269.85bn in the prior period (9M 2022). On a q/q basis, Revenue was down 13.7% to N91.40bn in Q3 2023 from N105.86 in Q2 […]
United Bank for Africa 9M-23: Core and Non-Core Income Supports Earnings Growth
October 31, 2023/Cordros Report United Bank for Africa Plc (UBA) published its nine-month unaudited financial report after the close of business yesterday (30 October). The report revealed that the Holdco delivered a three-digit expansion in its EPS (+295.4% y/y to NGN12.93 | 9M-22: NGN3.27). We highlight that the impressive growth […]
