October 27, 2016/Cordros Research Earlier today, DANGCEM released results for nine months and third quarter ended September 2016. The key features of the Group’s third quarter result are (1) 21.6% y/y (but -1.2% q/q) revenue growth; (2) significant gross margin contraction; (3) opex spike; (4) considerably weak EBITDA and EBIT […]
Results & Dividends
Union Bank Plc Posts N91.4bn Gross Earnings in Q3’16 Excluding Gains on Sale of Subsidiaries
26/10/2016/UBN Plc Union Bank, one of Nigeria’s long-standing and most respected financial institutions, announces its unaudited results for the nine months ended 30th September 2016. Bank Financial Highlights Profit before tax: ₦13.2bn (₦13.2bn in 9M 2015); excluding gain on sale of subsidiaries*, increased by 27% to ₦12.4bn (₦9.8bn in 9M […]
FBN Holdings Total Assets Hits N5.1 Trillion up 21.6%
October 26, 2016/FBN Holdings Plc FBN Holdings Plc. (“FBNH” or “FBN Holdings” or the “Group”) today announces its unaudited results for the ninemonths ended 30September 2016. Income Statement Gross earnings of N3 billion, up 7.0% year-on-year(y-o-y) (Sept 2015: N390.0 billion) Net-interest income of N9 billion, up 5.2% y-o-y(Sept 2015: N192.9 […]
