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Story behind the figures

Amid challenges in banking sector, GTCO gains momentum, PBT, Asset

By Philemon Adedeji Guaranty Trust Holding Company (GTCO), for its audited and consolidated and separate financial statements for the period ended June 30, 2022 released to the Nigerian Exchange Group (NGX). The group reported an impressive performance in gross earnings despite inflation rate and other numerous challenges facing the banking sector. According to the analysis ...

Story behind the figures

“I had the most perfect relationship with Queen Elizabeth II ” – Obasanjo

UBA: Impressive performance in PBT, PAT, Assets, amid challenges in banking sector

Story behind the figures

Stanbic IBTC Holdings: Impressive performance amid inflationary pressure

Story behind the figures

Fidson healthcare: Impressive performance across all financial parameters

Story behind the figures

eTranzact International: Gains momentum across all financial parameters

Story behind the figures

Seplat Energy PLC: Impressive revenue, profit amid severe competition in oil and gas company

By Philemon Adedeji Seplat Energy plc, is a leading indigenous Nigerian oil and gas exploration and production company with a strategic, focus purposely to deliver sustainable energy solutions for society Seplat Energy plc, in its unaudited financial statement ended June 30, 2022, the company has consistently maintained its growth trajectory in various measures, specifically in ...

Story behind the figures

Lafarge Africa: Impressive revenue, profit amid severe competition in cement industry

By Philemon Adedeji Lafarge Africa plc reported an unbroken performance in most parameters in its unaudited financial statement for the period ended June 30, 2022 and maintained its position as one of the leading cement manufacturing companies in Africa. The company has once again put up a remarkable performance in the year under review when ...

Story behind the figures

FCMB Group PLC: Impressive performance in gross earnings, drive profit

By Philemon Adedeji FCMB Group plc, a full-service banking institution that provides market-proven solutions that drive digital transformation in bank has been maintaining growth trajectory in various measures FCMB Group recorded profitability in most of the parameters. For its unaudited financial results for the period ended 30th June 2022 released, announced an impressive performance in ...

Story behind the figures

Credit Direct Limited: Impressive profit amidst pressure

Credit Direct Limited, a leading innovation company has released its statement of financial position as at December 31st 2021. For the 2021 financial year, Credit Direct recorded more sales than it did in the corresponding year. The sales can also recognised as a better sales which can be translated in to better profits. Specifically, , ...

Story behind the figures

Living Trust Mortgage Bank: Gained huge profit despite challenges

By Philemon Adedeji Living Trust Mortgage Bank plc is a financial services institution in Nigeria offering banking products and services for the retail, commercial and corporate sectors. It was established to provide mortgage banking services, mortgage financing, real estate, construction financing and general financial services. Living Trust Mortgage Bank plc, in its unaudited financial statement ...

Story behind the figures

Infinity Trust Mortgage Bank: stronger profit despite challenges

By Philemon Adedeji Infinity Trust Mortgage Bank plc which is known as one of the leading and most capitalised primary mortgage banks in Nigeria, in its unaudited financial statement released for the half year ended l June 30th, 2022, reporting stronger fundamentals growth in most of the parameters. The turnover released by the bank,seen on ...

Story behind the figures

Flour Mills of Nigeria: Impressive performance in revenue, drive profit

By Philemon Adedeji Flour Mills of Nigeria Plc (FMN) reported all-round impressive performance in its audited financial statement for the period ended March 31, 2022 to maintain its position as the leading integrated food business and agro-allied group and one of the most fundamental stocks listed on the Nigeria Exchange Limited (NGX). The company demonstrated ...

Story behind the figures

Sterling Bank: Further increase in profit despite challenges

By Philemon Adedeji Sterling Bank Plc in its audited financial statement for period ended December 31, 2021 released reported increase in gross earnings that eventually impacted on profit. Such impressive performance on gross earnings because of the increase in profit achieved during the period. Obviously, Profit After Tax recorded in 2021 was higher than that ...

Story behind the figures

Dangote Cement shows impressive performance amid challenges

By Philemon Adedeji Dangote Cement remains the leading cement company in Africa as it is well-positioned for a positive and sustainable future, and is resolute in transforming Africa, while creating sustainable value for shareholders. For the 2021 financial year, Dangote Cement recorded more sales than what it achieved in 2020. Such a sale can be ...

Story behind the figures

FBN Holdings: Profit strongly emerged

By Philemon Adedeji INTRODUCTION FBN Holdings’ unaudited financial results for the period ended 31st March 2022, indicated that huge profit was able to be generated during the period and this huge profit generated made it to stay in a balance position. The bank improved significantly in the first quarter of 2022 than it did in ...

Story behind the figures

Wema Bank: Impressive return on investment despite challenges

By Philemon Adedeji Wema Bank Plc showed an impressive momentum as the management is keen on driving shareholders’ return on investment and stock price appreciation. With the growth in profit, Wema Bank once again paid shareholders a dividend of N0.24 per 50 kobo ordinary share in 2021 financial year. After 14 years of non-payment of ...

Story behind the figures

Veritas Kapital Assurance Plc: Huge profit declined

By Philemon Adedeji INTRODUCTION Unaudited results for the first quarter ended 31, March 2022, of Veritas kapital Assurance plc was not showing any impression in its profit position recorded. Rather, it recorded higher profit in 2021, while in 2022 the profit declined marginally by 68 per cent. For the first quarter unaudited results in 2022, ...

Story behind the figures

Unity Bank: Profit moves stronger despite challenges in banking sector

By Philemon Adedeji Introduction For the 2021 Financial year, Unity Bank Plc recorded more sales than it did in the corresponding year. Such better sales however translate in huge profit. In fact profit before tax for the year was higher than that of corresponding year. The interplay between a higher turnover and a higher profit ...

Story behind the figures

Honeywell Flour Mills maintains growth in profit despite hike in finance costs, cost of sales

Flour processing company, Honey Well Flour Mills Plc in its result and accounts for year ended March 31, 2021 reported a significant increase in finance costs and cost of sales to highlight the company’s operational challenges in the year under review. The company was faced with hike in raw and packaging material consumed, coupled with ...

Story behind the figures

FMN: Improving on shareholders’ return amid challenging environment

By Kayode Tokede Flour Mills of Nigeria (FMN) Plc maintained its impressive performance amid severe challenges as recorded in its first quarter (Q1) ended June 31, 2021 unaudited results as the management improve on shareholders’ return. The latest results by FMN showed impressive performance across financial parameters to signpost improved dividend payout to shareholders in ...

Story behind the figures

Stanbic IBTC suffers decline performance in H1

By Kayode Tokede Stanbic IBTC Holdings Plc suffered a further loss of earnings in the second quarter with gross earnings down by over a quarter at half-year and profit dropping by as much as one-half. The bank’s audited accounts for the half-year ended June 30, 2021 shows a further weakening of earnings performance from the ...

Story behind the figures

Dangote Sugar Refinery: Impressive performance in profit amid severe competition

By Kayode Tokede Dangote Sugar refinery maintained growth in profit before tax and profit after tax amid hiker in finance cost in its unaudited result and accounts for half year (H1) ended June 30, 2021. The sugar processing company last week released its unaudited result and accounts for H1 2021 with growth in revenue, but ...

Story behind the figures

UBA: Leveraging on Africa Expansion to boost profit, dividend to shareholders

By Kayode Tokede United Bank for Africa Plc (UBA) reported an impressive performance to outshine its peers in profitability and dividend payout to shareholders among others. The pan-African bank half-year (H1) ended June 30, 2021 showed an impressive performance despite severe challenging business and economic environment that emerged from the slow pace of activities following ...

Story behind the figures

Flour Mills of Nigeria: Improving on shareholders’ return

By Kayode Tokede Flour Mills of Nigeria (FMN) Plc maintained its impressive performance amid severe challenges as recorded in its first quarter (Q1) ended June 31, 2021 unaudited results as the management improve on shareholders’ return. The latest results by FMN showed impressive performance across financial parameters to signpost improved dividend payout to shareholders in ...

Story behind the figures

Zenith Bank: Impressive performance buoy shareholders’ value

By Kayode Tokede Last week’s release of the audited results for the half-year (H1) ended 30 June 2021, of Zenith Bank Plc, showed impressive performance amid the current steady increase in the nation’s economy. The bank’s H1 audited result and accounts for period ended June 30, 2021, has again vindicated shareholders and financial analysts who ...

Story behind the figures

Wema Bank: Sustaining growth in earnings, balance sheet

By Kayode Tokede Wema Bank grew gross earnings and net interest income to maintained growth in key financial parameters in its half year (H1) ended June 30, 2021 result and accounts. The bank in the period under review recorded growth in profit & loss figures and balance sheets to underline the prudential management of the ...

Story behind the figures

Dangote Cement: Another impressive performance amid challenges

By Kayode Tokede Dangote Cement Plc, recently released its unaudited result and accounts for half year ended June 30, 2021 (H1), showing impressive performance in revenue and modest performance in net finance that drive growth in profits. The cement manufacturing significant increase in revenue was largely driven by higher sales volumes, as well as improved ...

Story behind the figures

FCMB Group: Stronger performance in loans, deposit drive total assets

By Kayode Tokede FCMB Group plc recorded stronger performance in loans & advances to customer and deposit that impacted positively on total assets. The group’s performance for half year ended June 30, 2021 is coming on the heels of macro-economy challenges that eroded company’s profits and assets. Amid these challenges, the financial institution was able ...

Story behind the figures

Dangote Sugar Refinery: Impressive performance in profit, assets amid severe competition

By Kayode Tokede Dangote Sugar Refinery maintained growth in profit before tax and profit after tax amid hiker in finance cost in its unaudited result and accounts for half year (H1) ended June 30, 2021. The sugar processing company last week released its unaudited result and accounts for H1 2021 with growth in revenue, but ...

Story behind the figures

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