By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) said on Monday its profit after tax (PAT) for the period ended March 31, 2018 climbed up 6.2 percent to N23.73 billion from N22.35 billion recorded a year ago. Profit before tax (PBT) grew 4.3 percent to […]
Results & Dividends
Lafarge Africa Plc Reports a Pretax Loss of N2.9bn in Q1 2018 Results
Culled—Proshare April 23, 2018/FBNQuest Research Event: Lafarge Africa reports Q1 2018 results Implications: Downward revision to consensus 2018E PBT forecasts likely; shares expected to sell-off Positives: No obvious positives Negatives: Lafarge reported a pretax loss of –N2.9bn, driven by a combination of gross margin contraction and spike in opex and […]
UBA Reports Q1 2018 Results – PAT Grew by 45% YoY, Thanks to Strong OCI Gains
Culled—Proshare April 23, 2018/FBNQuest Research Event: United Bank for Africa (UBA) reports Q1 2018 results Implications: Limited revisions to consensus 2018E PBT forecast Positives: PAT grew 45% y/y, thanks to strong OCI gains Negatives: Pre-provision profits fell -14% q/q driven by a -30% q/q reduction in non-interest income UBA’s Q1 2018 […]
