July 31, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)- Sterling Bank Plc said on Wednesday its post-tax profit for the half year (HI) period ended June 30, 2019 dropped -8.9 percent to N5.66 billion from N6.21 billion posted a year ago. While pretax profit depreciated 5.7 percent to N6.00 billion from N6.36 […]

July 31, 2019/InvestmentOne Report ·         Mixed topline performance: up 21.76% q/q, down 1.70% y/y ·         Lower gross profit margin: up 1181bps q/q, down 416bps y/y ·         Opex/sales ratio at 21.03%;  up 868bps q/q, down 295bps y/y ·          Profit before tax of N2.67billion in Q2 2019 against N2.03billion in Q1 2019 […]

July 31, 2019/Cordros Report Event: NB published H1-19 results after the close of market yesterday, reporting EPS decline of 27.8% y/y. For the three months ended June (Q2), EPS declined 35.7% y/y. EPS was impacted by lower revenue, higher operating expenditure and net finance costs.  The achieved revenue was slightly […]