September 5, 2023/Fitch Ratings UBS’s 2Q23 results, which consolidate one month of Credit Suisse’ results for the first time, are in line with our expectation that the enlarged group’s initial capitalisation and earnings potential will provide sufficient flexibility to absorb restructuring and integration costs, Fitch Ratings says. The Stable Outlook […]
Results & Dividends
BUACEMENT: Price Expected to Sustain Revenue Growth in H2
September 4, 2023/CSL Research BUA cement’s +17.2% y/y Revenue growth in H1 2023 was primarily driven by an upward price adjustment amidst stable sales volumes. Bua Cement reported increases in prices in H1 2023 with average cement price rising to N67,192/ton in H1 2023 from N56,454/ton in H1 2022 while […]
GTCO PLC H1 2023: FX Revaluation Gain Boosts Bottom-line
September 4, 2023/InvestmentOne Report Gross earnings of N672.60billion, up 225.83%q/q, 181.09%y/y. Net interest income of N177.46billion, up 16.02%q/q, 46.84%y/y. Profit before tax of N327.40billion, up 242.62%q/q, 217.10%y/y.. Profit after tax of N280.48billion, up 283.21%q/q, 261.66%y/y. The eagerly anticipated half year financial report by Guaranty Trust Holding Company (GTCO) was […]
