August 30, 2018/Cordros Report Update: We resume coverage of GUARANTY with a BUY recommendation, following impressive H1-2018 performance. The result showed gross earnings grew by 5.85% y/y to NGN226.63 billion, following a 31.95% growth in non-interest income (NIR), which made up for the 8.96% drop in interest income. PBT and […]
Results & Dividends
Guinness Nigeria Plc to Pay N1.84 DPS in 2018FY; Amidst Unimpressive Q4-18 Performance
August 30, 2018/Cordros Report Guinness Nigeria Plc released Q4-18 and 2018FY results yesterday. The Board has proposed a dividend of NGN1.84/share (c.3x 2017FY DPS) on the NGN6.7 billion net profit achieved in 2018FY (+249% vs. 2017FY). Q4-18 performance (for the period ended June 2018) was not impressive, and will likely […]
UBA Grows Gross Earnings By 16%, Offer 20 Kobo Interim Dividend
29/8/2018/UBA Plc Africa’s leading financial institution, United Bank for Africa Plc has announced its audited 2018 half year financial results, showing strong growth across key performance metrics as well as a significant contribution from its African subsidiaries. Despite declining yield environment in two core markets, Nigeria and Ghana, the […]
