September 9, 2020/United Capital Report …Restructuring into a HoldCo Earlier, Guaranty Trust Bank (“GUARANTY” or “The Bank”) released its H1-2020 results, showing a 1.5%y/y increase in Gross Earnings (GE) to N225.1bn, despite pressure on interest and non-interest income amid extreme regulatory environment and global public health crisis. However, PBT and […]
Results & Dividends
Stanbic IBTC Holding Plc H1-2020 Audited Financial Result: In a class of its own
September 8, 2020-United Capital Report In a class of its own Earlier, Stanbic IBTC Holding Plc (“STANBIC” or “The Group”) released its Audited H1 -2020 financial result, showing a 7.8%y/y expansion in Gross Earnings (GE) to N126.6bn. Notably, the Bank reported a decent top-line growth despite pressure on economic activities […]
Guinness Nigeria Q4 2020 Results Review: Tepid Near-to-Medium Term Outlook
Culled—Proshare September 8, 2020 By FBNQuest Research Marked cuts to earnings and price target Guinness Nigeria (Guinness) declared a record pretax loss of -N17.1bn for FY 2020 (end-Jun), largely driven by c.N14bn in write-offs of fixed assets and receivables. Still, stripping out these one-off provisions, earnings were in negative territory […]
