April 26, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-UAC Property Development Company Plc (UPDC) on Thursday reported a loss of N899.62 million in the first quarter (Q1) period ended March 31, 2018 compared to N1.19 billion posted a year ago. The company also recorded a loss before tax (LBT) of N745.49 million […]
Results & Dividends
Access Bank: Unimpressive Q1-2018 performance; higher opex and impairment charges outweigh topline growth.
April 26, 2018/Cordros Report Access Bank plc released Q1-2018 results yesterday, showing a decline in its pre and post-tax profits from the same period in the previous year, by 0.57% and 1.30%, to NGN27.44 billion and NGN22.12 billion, respectively. Notably, following revision in operating expenses in the previous year, 2017’s […]
Facebook sales soar despite data scandal
25/4/2018/BBC Facebook’s quarterly sales rose by nearly 50% in the social media giant’s first results since a privacy scandal over users’ data emerged. The company said that revenues rose to $11.9bn in the first three months of the year, compared to $8bn previously. Chief executive Mark Zuckerberg said: “Despite facing […]
