BUA Cement increases profit in Q1 by 25% to N20 billion

Posted by - June 9, 2020

One of Africa’s largest infrastructure companies in Nigeria, BUA Cement Plc, has released its unaudited financial statements for the period ended 31 March, 2020, showing a 25.1 per cent increase in its revenue to N54 billion compared to N43.1 billion reported in the first quarter of 2019. According to a statement by the Nigerian Stock

Absa Kenya Q1 net profit rises by 3%

Posted by - May 28, 2020

Absa Kenya announced recently that its net profit grew by three percent in the first quarter ended March, weighed down by costs of separating from its former parent company Barclays Plc. According to the lender, the net profit stood at Sh1.95 billion in the review period compared to Sh1.89 billion a year earlier. Its cost

Fidelity Bank announces N6.6bn profits in Q1

Posted by - May 4, 2020

Fidelity Bank has released its unaudited financial results for the period ended March 31, 2020. According to the bank, gross Earnings for the first quarter of the year, grew by 5.7 percent to N51.2 billion from N48.4 billion in the previous year, whilst Profit before Tax (PBT) stood at N6.6 billion representing a marginal drop

Zenith Bank’s Gross Earnings rises by 6% to N166.8 billion in Q1

Posted by - April 29, 2020

Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31, 2020, with gross earnings rising by six per cent to N166.8 billion, up from the N158.1 billion recorded in March 2019. This was in spite of a challenging domestic operating macroeconomic environment and global headwinds. According to the unaudited statement

United Capital Posts N1.9bn Revenue, N1.2 bn Profit before Tax in Q1

Posted by - April 21, 2020

United Capital Plc recently announced a revenue of N1.92 billion for the first quarter ended March 31, 2020, showing an increase of 32 per cent from N1.45 billion in the corresponding period of 2019. Operating income stood rose by 40 per cent from N1.35 billion in 2019 to N1.45 billion in 2020. Profit before tax

Barclays Kenya Records 12% Profit Growth in Q1

Posted by - May 30, 2019

Kenya’s Barclays Bank profit before tax for the first quarter of 2019 hit KSh2.9 billion, a 12 per cent increase from KSh 2.6 billion recorded in the first quarter of 2018. The growth is attributed to a 3 percent rise in total income and a 3 per cent reduction in costs. The bank’s total revenue

African Alliance gross premium increases by 78% in Q1

Posted by - May 22, 2019

One of Nigeria’s foremost insurance companies, African Alliance Insurance Plc has announced a 78 per cent increase in gross premium in first quarter (Q1) this year compared to the same period of last year. According to the Managing Director, Mrs Funmi Omo, in a statement, explained recently ahead of the firm’s release of its audited

Cal Bank Profit Hits GHc41.9 million in Q1

Posted by - May 20, 2019

Cal Bank has recorded a record profit after tax of GHc41.9 million compared with the GHC34.1 million recorded in the same period last year, representing an increase of 22.8 per cent. The indigenous universal bank listed on the Ghana Stock Exchange (GSE), posted a strong performance in the first quarter of this as the company

Huawei revenue grows 39% to $27bn in Q1

Posted by - April 22, 2019

Huawei Technologies announced recently that its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results. The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also added its net profit margin was around 8 percent for the quarter, which it said was slightly higher than the

MNHD reports EGP 1.72bn in pre-sales for Q1 2019, launches office park

Posted by - April 15, 2019

Madinet Nasr Housing and Development (MNHD), a leading Egyptian urban developer, announced recently that its pre-sales (contracted sales plus reservations) for the first quarter (Q1) of 2019 reached EGP 1.72bn, up 9% year-over-year. According to the company’s press statement, pre-sales were mainly driven by the demand of the residential units as well as the strong