Profit – TheNewsGuru https://thenewsguru.com Africa's fastest growing news platform Thu, 07 May 2020 05:49:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.2 https://thenewsguru.com/wp-content/uploads/2020/03/cropped-ico-tng-32x32.jpg Profit – TheNewsGuru https://thenewsguru.com 32 32 Fidelity Bank announces N6.6bn profits in Q1, reassures commitment to safety of stakeholders https://thenewsguru.com/news/fidelity-bank-announces-n6-6bn-profits-in-q1-reassures-commitment-to-safety-of-stakeholders/ Thu, 07 May 2020 05:49:01 +0000 http://www.thenewsguru.com/?p=251547 Fidelity Bank Plc has reassured that it will continue to take measures that will ensure the safety of customers, staff and other stakeholders during this period. This reassurance was given on Thursday during the bank’s 32nd Annual General Meeting (AGM) in Lagos. Speaking at the annual shareholders meeting, Chairman, Board of Directors of Fidelity Bank, Mr. […]

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Polaris Bank Celebrates First Year of Operation, Declares ₦27.8billion Profit https://thenewsguru.com/nigeria-news/polaris-bank-celebrates-first-year-of-operation-declares-%e2%82%a627-8billion-profit/ Wed, 29 Apr 2020 15:34:22 +0000 http://www.thenewsguru.com/?p=250569 *Capital Adequacy and Liquidity Ratios above regulatory requirements *To reap  benefits of IT investment in 2020 It was cheering news over the weekend as Polaris Bank Limited released its first Audited IFRS 2019 compliant financial result posting a profit before tax of N27.8billion.  The result which posits a compelling narrative in the history of Nigeria’s […]

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Ecobank Group Records 32% growth in profit before tax of N146.5bn for 2019 https://thenewsguru.com/news/ecobank-group-records-32-growth-in-profit-before-tax-of-n146-5bn-for-2019/ Tue, 24 Mar 2020 08:47:39 +0000 http://www.thenewsguru.com/?p=242679 Ecobank Transnational Incorporated (ETI) has recorded a 32% growth in profit before tax of NGN146.5 billion for 2019 financial year. This was up from the N110.8 billion recorded in 2018.  The bank which released its figures to the Nigeria stock Exchange earlier today reported gross earning of NGN 842.5 billion, up by 9% against the […]

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Fidelity Bank Profit Rose By 24% As PBT Hits N30.4bn In 2019FY https://thenewsguru.com/news/fidelity-bank-profit-rose-by-24-as-pbt-hits-n30-4bn-in-2019fy/ Tue, 24 Mar 2020 08:42:03 +0000 http://www.thenewsguru.com/?p=242670 Fidelity Bank Plc has delivered another impressive full year result, sustaining the sterling financial performance that has been witnessed by the top lender in recent years. The bank’s FY 2019 results released on Monday at the Nigerian Stock Exchange (NSE), showed strong growth across key income and balance-sheet lines.  Gross Earnings grew by 14.0% to […]

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UBA Records 13% Earnings Growth, Delivers N111billion Profit https://thenewsguru.com/nigeria-news/uba-records-13-earnings-growth-delivers-n111billion-profit/ Sat, 29 Feb 2020 12:23:02 +0000 http://www.thenewsguru.com/?p=238674 Pan-African financial institution, United Bank for Africa Plc (UBA) has announced its audited results for the full-year ended December 2019, recording impressive growth across top and bottom lines. According to the 2019 financials filed at the Nigerian Stock Exchange (NSE) on Friday February 28, 2020, the Africa’s global bank’s gross earnings grew by 13.3 percent […]

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UBA Delivers 21% Growth in Profit, 21.7% Return on Average Equity; Declares N0.20 Interim Dividend https://thenewsguru.com/nigeria-news/uba-delivers-21-growth-profit-21-7-return-average-equity-declares-n0-20-interim-dividend/ Mon, 02 Sep 2019 05:17:46 +0000 https://www.thenewsguru.com/?p=207990 Africa’s leading financial institution, United Bank for Africa Plc has announced its audited half year financial results for the period ended June 2019, showing impressive growth across key performance indices as well as a significant contribution from its African subsidiaries. In spite of the increasingly unpredictable environment witnessed in some of its countries of operations, […]

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Dangote Cement records fall in revenue, profit in Q1 2019 https://thenewsguru.com/nigeria-news/dangote-cement-records-fall-revenue-profit-q1-2019/ Sat, 27 Apr 2019 13:59:19 +0000 https://www.thenewsguru.com/?p=186740 Dangote Cement, the flagship company of Africa’s richest man, Mr Aliko Dangote, on Friday, April 26, 2019, released its financial position as at the end of March 31, 2019. From the results briefly analysed, the leading cement maker in Nigeria recorded decline across key performance indicators. For instance, the revenue generated by the company in the […]

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EPL: Tottenham break world record with £113m profit https://thenewsguru.com/sports/epl-tottenham-break-world-record-113m-profit/ Thu, 04 Apr 2019 13:06:07 +0000 https://www.thenewsguru.com/?p=183231 Tottenham Hotspur made a world-record profit of £113m after tax last season. The figure tops the £106m profit posted by Premier League rivals Liverpool earlier this year. Yearly financial results for 2017-18 reveal Spurs’ income climbed from £310m to £380m thanks to player sales, bigger crowds at Wembley Stadium and reaching the Champions League knockout stages. […]

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FY18: Access Bank declares 25 Kobo dividend after N95bn profit https://thenewsguru.com/nigeria-news/fy18-access-bank-declares-25-kobo-dividend-n95bn-profit/ Fri, 15 Mar 2019 13:49:44 +0000 https://www.thenewsguru.com/?p=180073 The board of Access Bank Plc has released the financial statements of the company for the year ended December 31, 2018. The results, announced on Friday, showed improvements in both the topline and bottomline when compared with what were recorded in the previous financial year ended December 31, 2017. For example, the gross earnings of […]

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NOVA Merchant Bank declares N1.15bn in profit after tax, continues to focus on scaling its business https://thenewsguru.com/nigeria-news/nova-merchant-bank-declares-n1-15bn-profit-tax-continues-focus-scaling-business/ Mon, 11 Mar 2019 14:45:17 +0000 https://www.thenewsguru.com/?p=179447 NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018, a significant increase from N510.6 million achieved in 2017, marking a 125% increase. The  result is achieved as it begins to reap the benefits of its investments in its operations, technology and people.   The […]

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