March 3, 2020/Coronation Report UBA published audited FY 2019 results yesterday. Numbers were in line with our and consensus estimates. Net Profits were up 13.3% y/y to N89.1bn (US$247.5m). Net fee and commissions were up 22.2% y/y. UBA proposes a total dividend of N1.0/s which (inclusive of an earlier interim […]
Results & Dividends
Dangote Cement Q4/FY 2019: Not Bad, Not too Good
March 3, 2020/InvestmentOne Report · Turnover Performance: down by 0.09% q/q and 1.87% y/y. · Gross margin performance: up by 320bps q/q and 182bps y/y. · OPEX/Sales ratio: down by 27bps q/q, up 60bps y/y. · PBT Margin Performance: up by 502bps q/q and 17bps y/y. Dangote Cement published its […]
GTBank Says 2019 Profit before Tax Up 7.5% to N231.7 Billion
March 2, 2020/jspcommunications Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2019 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and […]
