By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday sustained its bullish momentum as the all=share index (ASI) gained 0.18 percent to close at 27,437.25 points. “Today’s proceedings trimmed the Month-to-Date and Year-to-Date losses to 2.04 percent and 4.21 percent respectively,” Cordros daily market update affirmed. At the close […]
Updates
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 […]
GTBank Says H1 2016 Pretax Profit up 44.8% to N91.3 Bn, Offers 25 Kobo Interim Dividend
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its pretax profit for the period ended June 30, 2016 rose 44.8 percent to N91.3 billion from N63.1 billion recorded a year ago. Similarly, profit after tax (PAT) of the bank grew 45.1 percent to […]
