Jumia Announces 43% profit growth in H1 2022

Posted by - August 15, 2022

African e-commerce company, Jumia Technologies has announced its unaudited financial results for the second quarter (Q2) ended June 30, 2022 with $57.3million revenue, representing an increase of 43 per cent from $40.2million reported in second quarter ended June 30, 2021. The company in a statement stated that the increase in revenue was driven by the

NGX Group Records N820.17m Profit in H1 2022

Posted by - August 9, 2022

The Nigerian Exchange Group (NGX Group) has announced its unaudited results for the half year (H1) ended June 30, 2022 with N820.17million profit, representing an increase of 82.4 per cent from N million reported in the half year ended June 30, 2021. The group’s H1 2022 results also revealed that profit before income tax grew

Shell declares $11.5bn profit in second quarter, TotalEnergies $9bn

Posted by - July 29, 2022

British energy giant, Shell has reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices. Shell also announced a $6 billion share buyback scheme after posting its best profit for a second consecutive quarter as high energy prices and refining margins generated bumper earnings for

Bank of Industry Group grows profit by 75% to N62b in 2021

Posted by - May 13, 2022

The Bank of Industry Group has reported a profit before tax of N62.28 billion for the financial year ended December 31, 2021; 75 per cent higher than the 2020 profit of N35.54 billion. This is contained in the Group’s summary financial information released recently. Discounted for tax, the profit for the year under review comes

Access Bank Posts N45bn pre-tax profit

Posted by - April 18, 2019

Access Bank Plc recorded N45.10 billion as Profit Before Tax, for its first quarter ended March 31, 2019, representing 64.4 percent increase compared to N27.44 billion posted in the corresponding quarter in Q1’18. Highlights of the bank’s Q1 financial statement was released on the Nigerian Stock Exchange, NSE, showed that the bank’s earnings rose by

GTBank Records N50 Billion Profit after Tax

Posted by - April 18, 2019

Guaranty Trust Bank (GTB) Plc posted a profit before tax (PBT) of N56.984 billion for the first quarter (Q1) March 31, 2019, showing an increase of 8.3 per cent, compared with the N52.624 billion recorded in the corresponding period of 2018. Profit after tax (PAT) rose 10.37 per cent N44.67 billion in 2018 to N49.302

FBN Holdings profit up by 31.4%

Posted by - April 15, 2019

FBN Holdings Plc has announced an increase in its profit after tax by 31.4 per cent to N59.7bn at the end of December 2018, from N45.5bn in the corresponding period of 2017. In a statement, it said its profit before tax also rose by 19.7 per cent year- on -year to 65.3bn at the end

GCB Posts ¢323 million profit

Posted by - April 5, 2019

GCB Bank Limited revealed a significantly improved bottom line with a net profit of ¢323.13 million for the year ended 2018. This translates into growth of ¢110.42 million over the ¢212.72 million recorded in the 2017 financial year. Top line growth was appreciable despite instability in the banking industry with 2018 recording ¢1,260 million as

Dangote Sugar Refinery announces N34.6bn profit

Posted by - April 4, 2019

Nigeria’s largest sugar producer, Dangote Sugar Refinery declared a profit before tax of N34.6 billion for the financial year ended December 31, 2018. A breakdown of the result released on the floor of the Nigerian Stock Exchange (NSE) indicated that while gross profit stood at N39.7 billion, the refinery earned a revenue of N150.4 billion.