September 5, 2022/Cordros Report GTCO released its H1-22 audited financials this morning (5 September), which showed that the HoldCo recorded a decline in profitability, despite an increase in its top line. The Holdco’s decline in profitability (-2.3% y/y) is attributed to the rise in tax expenses (+38.4% y/y) that outweighed […]
Results & Dividends
Fidelity Bank Records Impressive H1 2022 Results as Profits Hits N25.1Bn
September 2, 2022/Fidelity Bank Plc Proposes interim dividend of 10 kobo per share Leading financial institution, Fidelity Bank Plc, has released its H1 2022 results recording a remarkable 21.6% growth in profit to N25.1bn as well as decent growth in most key ratios. According to the report released on the […]
Fidelity Bank Plc H1 2022: Strong Growth in Interest Income
August 31, 2022/CSL Research Fidelity Bank’s recently released its H1 2022 audited numbers showed moderate y/y growth in Pre-tax profit, mainly due to a significant uptick in Interest Income. Interest Income grew 52.9% y/y, which according to the bank’s Management, was driven by expansion in earning assets and improved yields […]
