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 […]
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Investment Adviser Settles SEC Charges for Fraudulent Scheme, Sentenced to 151 Months in Prison in Related Criminal Case
April 23, 2018/US SEC On April 17, 2018, the United States District Court for the Northern District of Illinois entered judgments against Daniel H. Glick, a Chicago-based investment adviser, his unregistered investment advisory firm Financial Management Strategies Inc. (FMS), and his accounting firm, relief defendant Glick Accounting Services Inc. (GAS). […]
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 […]
