Culled—Proshare October 19, 2016/FBNQuest Research Event: GT Bank reports Q3 2016 results Implications: Positive reaction by the market likely Positives: Strong non-interest income of N46.3bn, up +184% y/y Negatives: A significant increase (+662% y/y) in loan loss provisions GT Bank’s Q3 2016 results which were published today showed a very […]
Results & Dividends
GTBank Says 2016 Nine Months Profit Up
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its nine months profit for the period ended September 30, 2016 increased 59.6 percent to N119.9 billion from N75.2 billion recorded a year ago. Also, profit before tax (PBT) grew 53.0 percent to N140.8 billion […]
Guinness Nigeria Offer Investors Lower Dividend in 2016 Year End
October 17, 2016 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s foremost brewer, Guinness Nigeria Plc said on Monday proposed a lower dividend payout to shareholders of the company. Guinness offered its investors a 50 kobo per share in respect of year ended June 30, 2016 compared to N3.20 per share paid last year; […]
