Results & Dividends

UBA – Growth in both Interest and Non-Interest Income drive Q3 profit growth

October 25, 2020/CSL Research UBA’s 9M unaudited numbers showed a moderate 22.3% y/y growth in Interest Income to N420.2bn driven mainly by significant growth in Interest Income on loans and investment securities. Net Loans to customers were up 13.8% as at September compared with the December 2021 position. Q/q (Q3 […]

Unilever Nigeria Plc Q3-22: Sluggish Sales Growth Drives Weak Earnings

October 24, 2022/Cordros Report Unilever Nigeria Plc (UNILEVER) published its Q3-22 unaudited results last week Friday (October 21), reporting a standalone loss per share of NGN0.39 (vs EPS of NGN0.21 in Q3-21), bringing 9M-22 loss per share to NGN0.06 (vs EPS of NGN0.19 in 9M-21). The loss per share in […]

United Bank for Africa Plc 9M-22: Solid Growth in Funded and Non-Funded Income Propels Earnings

October 24, 2022/Cordros Report United Bank for Africa Plc (UBA) released its 9M-22 interim report this afternoon, reporting an EPS growth of 11.2% y/y to NGN3.27/s (9M-21: NGN2.94/s), supported by solid growth in the bank’s funded (+22.3% y/y) and non-funded income (+29.1% y/y). Interest income expanded by 22.3% y/y to […]