September 3, 2018/Vanguard By Nkiruka Nnorom Ekocorp Plc said it has completed the first phase of its transformation process aimed at improving its profitability and rewarding the shareholders through dividend payment after 10 years of non-dividend payment. The interim Chief Executive Officer of EkoCorp Plc (Eko Hospital), Mr. Chukwuka Monye, […]
Results & Dividends
UBA Plc H1” 18 Results – Resilient Performance; Company Declares N0.20 Dividend per Share
Culled—Proshare August 31, 2018/CardinalStone Research United Bank for Africa Plc (UBA) H1’18 results – Gross earnings rose by 13.7% YoY to N244.8 billion, slightly ahead of our estimate of N234.6 billion (+4.3% deviation). Similarly, after tax earnings improved, albeit moderately, by 3.4% YoY to N43.8 billion, a tad below our […]
FCMB: Credit Shrink Informs Revision to 2018 Estimate
Culled—Proshare August 31, 2018/ARM Research FCMB half-year result saw earnings jump 90% YoY to N0.29/share on the back of moderation in funding cost (-44 bps YoY to 6.0%), strong Non-Interest-Revenue (+28% YoY) and a substantial decline in loan loss provision (-27% YoY to N7.3 billion). However, some key line items […]
