By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) on Friday announced its pretax profit for the period ended December 31, 2017 climbed up 16.1 percent to N105.26 billion from N90.6.4 billion recorded a year ago. Similarly, profit after tax (PAT) grew 8.8 percent […]
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Nigerian Stocks Down 1.11% Week-on-Week
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) and market capitalisation dipped 1.11 percent and 0.14 percent to close the week at 41,472.10 and N14.982 trillion respectively. “Similarly, all other indices finished lower during the week with the exception of the NSE CG, NSE Banking and NSE Pension […]
United Bank for Africa Plc | First Glance: FY-17; Fair Performance
March 23, 2018/Cordros Report United Bank for Africa Plc (UBA) released its FY-2017 results, showing growth in top and bottom line items – Gross earnings (+20.31% to NGN461.56 billion) and PAT (+8.75% to NGN78.59 billion) – but missing our estimates by 2.24% and 3.64% respectively. Against Bloomberg’s polled estimates, pre-tax […]
