By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm, Total Nigeria Plc said on Friday its profit after tax (PAT) for the period ended June 30, 2016 increased 271 percent to N8.93 billion from N2.41 billion recorded a year ago. Similarly, profit before tax (PBT) of Total Nigeria climbed up 199 percent to […]
Updates
Ecobank Group Says H1 2016 PAT Drops 35% to N31 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)- Pan-African lender, Ecobank Group said on Friday its profit after tax (PAT) for the half-year (H1) period ended June 30, 2016 dropped 35 percent to N3.08 billion from N48.11 billion posted a year earlier. Similarly, profit before tax (PBT) declined 32 percent to N41.55 billion compared […]
FCMB Group Loan Loss Provisions Spike by 506% YoY to N10bn in Q2’16
Culled—–Proshare Event: FCMB Group reports Q2 2016 results Implications: Likely upward revision to consensus 2016 PBT estimate; market’s reaction likely to be positive Positives: PBT and PAT grew by 271% y/y and 415% y/y respectively due largely to fx gains Negatives: Loan loss provisions spiked by 506% y/y to N10.0bn […]
