BY MOTOLANI OSENI Custodian Investment Plc has reported a pre-tax profit of N60.6 billion for the year ended 31 December 2024, reflecting a 133.44 per cent surge from the N25.9 billion recorded in the previous year. The significant profit growth was driven by strong investment results and an unrealised foreign exchange gain of N23.2 billion. […]
BY TEMITOPE ADEBAYO In a transformative stride towards financial sustainability within the social impact sector, the highly anticipated book, The Profit of Purpose: Mastering Financial Accounting and Reporting for Social Entrepreneurs, has been officially launched. This highly anticipated publication aims to equip change makers with the crucial financial acumen necessary to thrive. The launch event, […]
Electronics giant Samsung expects to increase its profits for the first quarter of 2020, largely due to a steady demand for memory chips amid the novel coronavirus pandemic. Profits from its core businesses will increase by 2.7 per cent year-on-year to 6.4 trillion won (5.31 billion dollars), the South Korean company announced on Tuesday in […]
Sterling Bank Plc, has recorded sustained growth in earnings with 19 percent increase in gross earnings for the third quarter ended 30 September 2017, boosted by 48.9 percent increase in non-interest income. The bank’s gross earnings rose to N94.6 billion during the third quarter ended September 30, 2017 as against N79.7 billion during the corresponding […]
Ganiyu Obaaro Following its impressive half year audited financial results, Fidelity Bank Plc has again, posted another impressive financial performance for the 9 months period ended September 30, 2017. Details of the lender’s 9 months’ financial results, released at the Nigerian Stock Exchange (NSE) on Monday, showed a remarkable growth in key revenue lines and […]
Profit taking activity of investors in the equities market, on Wednesday pitched supply against demand as key market measuring indices closed low. Lead market indices of the Nigerian equities market on Wednesday slid marginally to post a decline of 0.57 percent, as investors traded 218.7 million shares worth N3.895 trillion in 3,191 deals. The NSE […]
Forte Oil Plc has reported N2.9 billion net profit for 2016, exactly half its achievement in 2015. Profit before tax also slipped 24 percent to N5.3 billion in 2016 as against N7 billion recorded in 2015. The company’s revenue for the period under review was N148.6 billion, up 19 percent from N124.6 billion previously. […]
Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-economic environment. This represents an impressive 18.2% annualized return on average equity. The Bank recorded an appreciable growth in both funding […]
Transnational Corporation of Nigeria has announced a profit before tax of N7.7 billion for the financial year ended December 31, 2014. A statement from the company Wednesday, said its gross profit stood at N27.6 billion for the financial year, while group operating profit also grew from N10.2 billion to N13.6 billion in 2014. The company […]