Gross Earnings Crosses the N600bn Mark ·       Proposes Final Dividend of N0.35k March 8, 2021/UBA Plc Pan-African financial institution, United Bank for Africa Plc (UBA) has announced its audited results for the full-year ended December 31, 2020, recording impressive growth across its top and bottom lines. The 2020 audited […]

March 8, 2021/United Capital Report Brighter prospects but pricey valuation In its recently released FY-2020 scorecard, NB reported a 4.3% y/y growth in Revenue, printing at N337.0bn, from N323.0bn in FY-2019. The growth in Revenue was driven by a solid recovery in H2-2020 where Revenue grew 21.2% y/y compared to […]

March 4, 2021/InvestmentOne Report ·         Improved topline performance: up 3.7% q/q, 2.3% y/y. ·         Declining gross profit margin: down 140bps q/q; 450bps y/y. ·         Mixed Opex to sales ratio to 20.1%: up 152bps q/q; down 303bps y/y. ·         Weakened PBT margin: down 620bps q/q and 470bps y/y. The earlier released […]