Business

Stanbic IBTC increases profit by 3% to N75bn in 2019

Ihesiulo Grace 6 March 2020 0

Stanbic IBTC Holdings PLC declared an increase in its Profit After Tax (PAT) by three per cent to N75 billion in its full-year audited group results ended December 31st, 2019, against N74.4 billion profit recorded in the corresponding period of 2018. Also, the lender’s Profit Before Tax (PBT)

Capital Market

Nigerian Breweries directors assure shareholders on strategy to deliver good ROI

Ihesiulo Grace 25 April 2018 0

The Board of Directors of Nigerian Breweries Plc. has assured its shareholders that it “remains confident the Company has a clear strategy to deliver a good return on investment (ROI) for its shareholders”. The assurance of the Board was made in a statement, signed by Uaboi Agbebaku, Company Secretary/Legal Adviser, following the announcement of a […]

Business Capital Market

African prudential proposes 40k dividend as PAT buoyed 68%

Ihesiulo Grace 28 February 2018 0

African Prudential Plc shareholders would be looking for expansion of their portfolio in the company based on remarkable performance year on year and return on investments, even as operating expenses remain upbeat. This was , as the company’s recently released 2017 audited financial statement showed a 68 per cent growth in profit after tax (PAT) […]

Business

Access Bank profit up 34% in Q1

Ihesiulo Grace 28 April 2017 0

Access Bank’s first quarter (Q1) unaudited financial results released to the Nigerian Stock Exchange has shown a 34 percent increase in profit after tax of N26.0 billion The profit is in comparison with N19.4 billion posted as Profit After Tax for the same period of 2016. This is even as interest and tax expenses surged […]

Capital Market

Unilever Nigeria increases post tax profit by 1,011 percent in Q3

Ihesiulo Grace 26 October 2016 0

Unilever Nigeria Plc results for the period ended 30th September 2016 released on the floor of the Nigerian Stock Exchange has shown Profit after tax  increased by 1,011 percent to N1.5 billion from N141 million reported in the corresponding period in 2015. Unilever’s revenue for the period stood at N49.87 billion, representing a 16.8 percent increase […]