Culled—Proshare May 14, 2020 By FBNQuest Research Marked decreases to earnings forecasts and price target We downgrade our rating for UACN to Neutral and cut our price target by -27% to N10.0. Our earnings outlook over the near-to-medium term has deteriorated sharply given that the company’s PBT driving segments – […]
Results & Dividends
Airtel Africa Says Pretax Profit Up +72% in 2020, Offers $3 Cents Final Dividend
May 13, 2020 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Leading provider of telecommunications and mobile money services, Airtel Africa Plc on Wednesday announced its Pretax profit for the period ended March 31, 2020 grew 71.7 percent to $598 million from $348 million recorded a year ago. This is coming on the […]
Wema Bank Q1’20 Profit Drops 14.6% to N977 Million
May 13, 2020 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc on Wednesday said its profit after tax (PAT) for the period ended March 31, 2020 declined 14.6 percent to N977 million from N1.14 billion declared a year ago. Similarly, profit before tax (PBT) decreased 16.1 percent to N1.13 […]
