Monday, November 12, 2018

Mike 'Uzor

    Stanbic IBTC: Losing the earnings growth momentum

Stanbic IBTC: Losing the earnings growth momentum

Stanbic IBTC Bank has run a three-year growth marathon from 2012 to 2014 but the current financial year looks very much like one of cooling down the bank’s high growth engines. With a net profit of more than N32 billion at the end of 2014, the bank has accomplished one of the longest upward journeys in the banking sector in [...]

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    Seplat Petroleum: Earnings may drop for the second year

Seplat Petroleum: Earnings may drop for the second year

Seplat Petroleum Development Company is headed for drops in revenue and profit for the second year based on the first quarter performance. The petroleum drilling and exporting company is under pressure from the drop in crude oil prices as well as rising cost, resulting in rapidly falling profit.Though sales revenue grew by 12.5% year-on-year in the first quarter, the [...]

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    GTB: Rising credit losses hurting profit growth

GTB: Rising credit losses hurting profit growth

Guaranty Trust Bank faces one major challenge this year on earnings performance and that is an upsurge in credit losses that happened in the first quarter. This has raised the bank’s cost-income ratio, lowered profit margin and weakened the earnings growth momentum of the bank in the current year.At the end of the first quarter, provision for loan losses was [...]

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    Africa Prudential Registrars heads for another strong growth in earnings

Africa Prudential Registrars heads for another strong growth in earnings

Africa Prudential Registrars is on the way to another strong growth in profit this year. The share registration company doubled profit in its first quarter step, showing one of the most promising earnings prospects in 2015. A strong growth in revenue and a big gain in profit margin are the unbeaten earnings credentials the company is showing from its first [...]

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    Sterling Bank: Gain in profit margin raises full year outlook

Sterling Bank: Gain in profit margin raises full year outlook

Sterling Bank’s first quarter operations shows a new cost-income relationship that has stretched out profit margin, raising the prospects for an outstanding profit growth in 2015. Profit grew about two and half times as fast as revenue in the first quarter as a result of moderating cost behaviour. Yemi Adeola, the bank’s group managing director/chief executive officer, saved substantial costs [...]

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    Wema Bank: Earnings growth momentum slows down

Wema Bank: Earnings growth momentum slows down

Last year, Wema Bank scaled earnings growth positively to the level of being counted among the highest growth drivers in the banking sector. This year the high growth momentum seems to have weakened with the full year outlook indicating flat growth in both revenue and profit. The bank needs all the speed possible in growing profit for it to bring [...]

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    UACN: Losing revenue, losing profit

UACN: Losing revenue, losing profit

UACN is losing both sales revenue and profit in the current year and the full year outlook indicates the conglomerate may slip from its peak earnings figures attained in 2014. The company’s diversified operation has enabled it to maintain stable growth in sales revenue and profit over the past five years. That record however looks likely to be broken in [...]

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    JP Morgan’s bond index exclusion threat is a distraction to Nigeria

JP Morgan’s bond index exclusion threat is a distraction to Nigeria

Just as a new government that has innumerable internal problems and challenges to deal with comes into office, JP Morgan ushers it in with a threat to exclude Nigeria’s 10-year notes from its emerging market bond index. This presents an issue that the new government needs to address right from start in shaping its policy direction. The new administration is [...]

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    UBA: Accelerating growth may lift profit to new high

UBA: Accelerating growth may lift profit to new high

United Bank for Africa (UBA) has made an impressive first quarter start that could lift profit to a new high this year. A strong revenue growth in the first quarter is one of the major favourable developments in the bank’s performance in the current year. Other favourable developments are the lowering of the cost-income ratio and the increased capacity to [...]

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    ETI lifts profit with cost efficiency gains

ETI lifts profit with cost efficiency gains

Ecobank Transnational Inc saw only a marginal gain in revenue in dollar terms in the first quarter but was able to push up profit impressively with cost efficiency gains. Its functional currencies depreciated against the dollar and therefore local currency gains in revenue could not reflect in dollars when translated at the lower exchange parity. Albert Essien, the bank’s group [...]

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    PZ Cussons: Profit may drop on flat revenue

PZ Cussons: Profit may drop on flat revenue

PZ Cussons is unable to grow sales revenue for the fourth year running and that can be expected to register adversely on profit performance in the 2015 financial year ending May. Sales revenue has stagnated at a little above N70 billion since 2012 and the current year’s performance so far is indicating that revenue growth might be marginal still.A flat [...]

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    Nigeria’s difficult corporate earnings environment

Nigeria’s difficult corporate earnings environment

The election-induced economic slowdown has created fresh difficulties for both producers and consumers alike, which are presently undermining the corporate earnings environment in 2015. The multiplier effects of low income and consumption capacity can be expected to hurt sales revenues of companies across various sectors and industries.The ability to consume what our industries and businesses are rolling out has dropped [...]

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    Presco gains margin, grows profit on flat revenue

Presco gains margin, grows profit on flat revenue

Presco Plc, the oil palm producing company, has made a good first quarter start by reducing cost and improving profit margin. Despite that sales revenue was flat during the period, the company lifted after tax profit by 37% - one of the impressive earnings growth records seen so far this year.The company appears to be on the way to repeating [...]

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    Total Nigeria: Operating pressure hits profit

Total Nigeria: Operating pressure hits profit

Total Nigeria, the petroleum marketing major, finished first quarter trading with nearly 80% drop in net profit. This isn’t the result of any one-off event on the accounts but a reflection of operating pressure on both sides of revenue performance and operating cost behaviour. There is no indication therefore that the adverse cost-income relationship would change in the course of [...]

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    Top rising stocks 2015: Why they stand out

Top rising stocks 2015: Why they stand out

Despite the dramatic recovery in the month of April, the stock market closed the month flat against its opening level this year. A few stocks are beating the general market on share price performance but the index-leading equities are missing on the share price advances table. The all-share index moved up a clear 3,617.3 or 11.6% in April, a recovery [...]

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    Stanbic IBTC Holdings: Maintaining high growth

Stanbic IBTC Holdings: Maintaining high growth

Stanbic IBTC Holdings achieved one of the strongest profit advances in the banking industry in 2014. The bank, which also led profit growth in the industry in the preceding year, has maintained an outstanding profit growth for the past three years running.The bank’s strength in profit performance is coming from both revenue improvements and cost saving success. Over the past [...]

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Exchange Rates

November 9, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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