August 6, 2020/InvestmentOne Report ·        Uninspiring  topline performance: up 5.1% q/q, down 40.2% y/y ·        Falling gross profit margin: down to 19.5% from 25.7% and 31.9% on a q/q and y/y basis respectively. ·        Surge in Opex/sales ratio to 28.7%: up from 22.1% and 21.0% on a q/q and y/y […]

August 6, 2020/United Capital Report Earlier, FBN Holding Plc (“FBNH” or “The Bank”) released its unaudited H1-2020 financial result, showing a 5.8%y/y expansion in Gross Earnings (GE) to N296.4bn. Notably, the Bank reported a decent top-line growth despite pressure on economic activities triggered by the coronavirus pandemic. Interest income, however, […]

August 6, 2020/United Capital Report Earlier, FCMB plc (FCMB) released its H1-2020 results, showing a 9.3% growth in Gross Earnings (GE) to N98.2bn. The growth in top-line was driven by interest income which grew by 8.2% y/y in H1-2020 and foreign exchange revaluation gains of about N3.3bn amid loan growth and […]