March 9, 2017/Cowry Asset Research In the first nine months to 2016, Forte Oil Plc recorded somewhat lackluster year-on-year financial performance amid economic headwinds in a time of an economic recession, scarce foreign exchange and rising inflation. Turnover increased by 32.16% to N121.08 billion; however, profit after tax plunged by […]
Results & Dividends
GTBank Says 2016 Pretax Profit up 36.8%, Offers Investors N2.00 Final Dividend
Segun Agbaje, MD/CEO of Guaranty Trust Bank Plc By InvestAdvocate Click here to download Guaranty Trust Bank Plc 2016 Audited Report Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc on Wednesday said its pretax profit for the period ended December 31, 2016 climbed up 36.8 percent to N165.1 billion […]
ACCESS BANK PLC Q4 2016 Results: Initial Impression
March 6, 2017/InvestmentOne Research NIGERIA | EQUITIES | BANKING | ACESS BANK PLC Q4 2016 results highlight: Surge in loan impairment charges weighs on PBT performance • Net interest income of N32.8bn: down -13.6% q/q; up+11.2% y/y • Profit before tax of N18.3bn: down -16.6% q/q; up +25.0% y/y • […]
