Culled—Proshare March 18, 2019/ CardinalStone Research United Bank for Africa Plc (UBA) FY’18 results – gross earnings grew by 4.7% YoY to N465.9 billion, in line with our expectation of N475.5 billion (-2.0% deviation). Profit before taxes, at N106.8 billion (FY’17 – N104.2 billion), also came in in line with […]
Results & Dividends
Fidson Healthcare Plc – Still Set to Deliver Value to Shareholders
Culled—Proshare March 18, 2019/CardinalStone Research In this report, we provide an update on Fidson Healthcare Plc, following its ongoing capital raising exercise. We highlight that the net proceeds of the rights issue will be used to finance working capital needs, as well as deleverage the company’s balance sheet. We see […]
Shareholders Laud Transcorp Hotels for Impressive Performance, Approve 15k Per Share as Dividend
March 18, 2019/Transcorp Hotels Abuja, Nigeria– The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at the Congress Hall of the […]
