Tag: Profit

Transcorp Hotels Delivers Impressive Q3 Financial Performance, Records 62% Profit Growth

Ayo Olowo

Transcorp Hotels PLC, the hospitality subsidiary of Transcorp Group has announced its financial performance for the third quarter of 2023, showing a strong year-on-year growth on all indices. The leading hospitality brand sustained strong growth, recording 31.76% growth in revenue to N29.9bn from N22.7bn the previous year, and significantly higher than pre-covid performance. Profit also grew by 62% to N5.5bn from from N3.4bn. […]

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GTCO PLC

2022 Q3 Unaudited Results: GTCO Plc Reports ₦169.7billion PBT

Ayo Olowo1 Comment on 2022 Q3 Unaudited Results: GTCO Plc Reports ₦169.7billion PBT

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an increase of 11.7% over ₦151.9billion recorded in the corresponding period […]

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GTCO PLC

2022 Q1 Results: GTCO Plc Reports ₦54.3billion Profit Before Tax

Ayo Olowo

Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦54.3billion, representing an increase of 1.1% over ₦53.7billion recorded in the […]

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UBA Delivers N300.6 Billion Gross Earnings, Declares N0.17k Interim Dividend

Ayo Olowo

Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2020, showing commendable growth across key performance indices as well as increased contribution from its African subsidiaries.  Notwithstanding the challenging business and economic environment occasioned by the Covid-19 pandemic, the pan African […]

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Q1 2020 Result: UBA records impressive N32.7bn profit despite business upset

Ayo Olowo

Pan African financial institution, United Bank for Africa Group (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2020, showing double-digit improvement across all its major income lines.  The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive 8.5 […]

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NOVA Merchant Bank Declares N1.65bn in PAT

Ayo Olowo

NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st, 2019, recording impressive performances across its major financial lines. Specifically, the Bank declared a profit after tax of N1.65 billion for the 2019 financial year representing an impressive 44% growth compared to N1.15bn recorded at the end of the 2018 financial […]

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