March 8, 2019/Forbes Mfonobong Nsehe Contributor Africa’s richest man, Aliko Dangote, is set to pocket almost $650 million in dividends from profits made by his Dangote Cement in 2018. Dangote Cement PLC recently released its FY’18 results, reporting sales of $2.5 billion, up 12.11% from $2.23 billion in 2017. Profit […]
Results & Dividends
Stanbic IBTC FY 2018 Results – Strong Profitability and Growth in Several Key Areas
Culled—Proshare March 8, 2019/Coronation Research Stanbic IBTC released its FY 2018 results today and, at least in terms of loan growth and Net profits, the report looks stellar. Net profits were up 53.9% y/y, with growth largely driven by Fee & commission income. A dividend of N2.50/s was declared, which […]
Stanbic IBTC Holdings Plc FY’18 Results – Impairment Writebacks; Non-interest Income Uplifts EPS
Culled—Proshare March 7, 2019/ CardinalStone Research Stanbic IBTC Holdings Plc (STANBIC) FY’18 results – gross earnings grew by 4.7% YoY to N222.4 billion, in line with our expectation of N225.1 billion (-1.2% deviation). More remarkably, after tax earnings climbed 53.7% YoY to N74.4 billion, within our N76.9 billion projection (-3.2% […]
