By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Tuesday said its post tax profit for the financial year ended December 31, 2020 grew 10.4 percent to N230.5 billion from N8208.8 billion recorded a year earlier. Pretax profit of the lender in the review period also […]
Results & Dividends
Zenith Bank Plc 2020FY: Strong Finish to Generally Difficult Year
February 23, 2021/Cordros Report ZENITHBANK released audited 2020FY numbers this afternoon, which showed that the bank recorded strong earnings growth over the prior year. This performance belies the challenging operating environment brought on by the pandemic, as the bank recorded strong growth in profitability. On the EPS of NGN7.34 (+10.4% […]
Flour Mills of Nigeria 9M-2020/21 Unaudited Financial Result: A new growth phase; deserves a price re-rate
February 22, 2021/United Capital Report A new growth phase; deserves a price re-rate In its recently released 9M-2020/21 numbers, Flour Mills of Nigeria (FLOURMIL) reported a solid 31.1% y/y growth in Revenue to N555.3bn from N423.5bn. Q3-2020/21 numbers was also decent as Revenue grew 31.1% y/y to N200.1bn. Furthermore, slower […]
