Bralirwa records Rwf 2.1bn profit

Posted by - August 14, 2018

The Largest brewery in Rwanda, Bralirwa Plc has recorded a profit of Rwf2.1bn in the first half of 2018. The profits stem from revenues of Rwf45.4b in the first half of 2018 which is a 9.7 per cent improvement compared to Rwf 41.3b from the first half of 2017. The Brewer and soft beverage company,

Barclays Bank Kenya records Sh.3.8b half year profit

Posted by - August 14, 2018

Barclays Bank of Kenya has recorded a profit after tax of Sh3.8 billion for the period ended 30th June 2018, a growth of 6 per cent compared to a similar period last year. According to the Bank, during the period, total income was increased by 5 per cent to Sh15.7 billion while net interest income

Oando hits N8.5bn Profit in H1 2018

Posted by - July 27, 2018

Oando Plc has continued to defy skeptics as it recorded N8.5 billion profit-after-tax (PAT) in its half-year (H1) results ended June 30, 2018. The impressive result comes in the wake of increase in the price of oil and gas commodities, Following the fall in crude oil prices, Oando like other companies took a significant hit

Global Airlines slash Profit Outlook as Fuel Costs Jump

Posted by - June 7, 2018

Global airlines recently slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks. The International Air Transport Association (IATA), which represents about 280 carriers, said the industry is expected to post a $33.8 billion profit

Nigerian Breweries records N10.2b profit in Q1

Posted by - May 8, 2018

Nigerian Breweries Plc started 2018 on a low note as sales and profit contracted within the first quarter. Key extracts of the interim report and accounts of Nigerian Breweries for the three-month period ended March 31, 2018 showed that sales dropped by nine per cent from N91.3 billion in first quarter 2017 to N83 billion

Custodian and Allied Grows Profit to N7.3bn, Declares 32k Final Dividend

Posted by - April 18, 2018

Custodian and Allied Plc, a non-bank financial institution with investments in life and non-life insurance, pension fund administration, trusteeship and property holding businesses, has announced its audited result for the year ended 31st December 2017. The group’s revenue rose from N38.551 billion to N43.052 billion in 2017. Operating expenses stood at 29.988 billion, compared with

Fidelity Bank Grows Profit By 67% in H1

Posted by - August 31, 2017

Fidelity Bank Plc has released its audited half year result for2017 with improvement in Profit After Tax (PAT) by 65.6 per cent or N3.6 billion to N9.04 billion from N5.46 billion in H1 2016. The result released on the floor of the Nigerian Stock Exchange showed Fidelity Bank was also able to grow gross earnings

Stanbic Grows Profit By 113% in H1, Declares 60k Interim Dividend

Posted by - August 30, 2017

Stanbic IBTC Holdings Plc. H1’17 results released the floor of the Nigerian Stock Exchange has shown a 113 per cent growth in Profit after tax (PAT) that settled at N24.1 billion from N11.317 billion declared in the corresponding period of 2016. Gross earnings for the banking group also grew by 36.3 per cent to N97.2