By InvestAdvocate

Lagos (INVESTADVOCATE)-Financial HoldCo, FBN Holdings Plc on Tuesday said its profit after tax (PAT) for the period ended March 31, 2016 dropped 8.3 percent to N20.72 billion from N22.60 billion recorded a year ago.

Similarly, pretax for the period declined 18.2 percent to N22.05 billion from N26.94 billion declared the same period of last year.

Also, gross earnings of FBNH depreciated from N126.80 billion in the first quarter of 2015 to N107.50 billion in the review period of 2016; indicating an decrease of 15.2 percent, the financial HoldCo said in a filing with the Nigerian Stock Exchange (NSE).

At the close of Tuesday’s trading on the domestic bourse, shares of FBNH appreciated 2.42 percent to N3.39 from N3.31 traded the previous session gaining 0.08 kobo per share.

 Click here to download FBN Holdings Plc Unaudited Consolidated Interim Financial Statements for the Period Ended March 31, 2016

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By InvestAdvocate

Lagos (INVESTADVOCATE)-Beermaker, Nigerian Breweries Plc said on Wednesday its pretax profit for the period ended March 31, 2016 climbed up 7.14 percent to N15 billion from N14.43 billion recorded a year earlier.

In the same vein, profit after tax (PAT) grew marginally 3.48 percent to N10.45 billion from N10.10 billion declared the same period of 2015.

Revenue of Nigerian Breweries increased to N77.55 billion from N69.92 billion posted in the first quarter of 2015, the brewer said in a filing with the Nigerian Stock Exchange (NSE).

Click here to view Nigerian Breweries Plc Q1 2016 Report

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By InvestAdvocate

Lagos (INVESTADVOCATE)-Union Bank of Nigeria Plc (UBN) on Wednesday announced it has posted a profit after tax (PAT) of 4.72 billion in its first quarter (Q1) report ended March 31, 2016 compared to N2.40 billion recorded a year ago.

Similarly, profit before tax (PBT) grew from N2.49 billion in the Q1 of 2015 to N4.79 billion posted in the review period of 2016.

However, gross earnings dropped marginally 0.03 percent to N27.27 billion from N27.28 posted the same period of 2015, UBN said in a filing with the Nigerian Stock Exchange (NSE).

Click here to view highlights of the report

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