By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Access Bank Plc on Friday said its pretax profit for the half-year (H1) period ended June 30, 2016 climbed up 27.9 percent to N50.02 billion from N39.11 billion recorded a year ago. Similarly, profit after tax (PAT) grew 26.2 percent to N39.48 billion […]
Results & Dividends
Guaranty Trust Bank Plc: HY’16 Non-Interest Income Spurs Massive Outperformance
August 17, 2016/Cordros Research Guaranty Trust Bank Plc (GUARANTY) just released its HY’16 earnings report. Annualized earnings per share was N5.48 (HY’15: N3.76), significantly higher than both consensus and our estimates of N3.58 and N3.67 respectively. The bank also declared an interim dividend of N0.25 (HY’15: N0.25) with a closure […]
Transnational Corporation of Nigeria – FX Losses Undercut Strong H1’16 Revenue
Culled—–Proshare August 17, 2016/CardinalStone Research Transnational Corporation of Nigeria Plc held a conference call on its H1’16 performance recently. Please see below the group’s H1’16 performance update and key highlights from the call. Transcorp Hotel remained resilient through economic headwinds The hotel subsidiary demonstrated impressive resilience and strength in what has […]
