Results & Dividends

Access Bank Q3 2020 Results: Strong Performance despite weak macroeconomic condition

November 30, 2020/InvestmentOne Report ·         Net interest income of N70.07billion, up 29.77%q/q , 27.23%y/y      ·         Non-interest income of N62.61billion, down 4.95%q/q, up 23.75%y/y. ·         Profit before tax of N42.32billion, up 51.06%q/q, 52.01% y/y. ·         Profit after tax of N41.27billion, up 105.24%q/q, 55.34%y/y.. Higher earnings as NII improves Access Bank […]

UBA Q3 2020 Results: Strong NII Reduces the impact of the Jump in Loan Impairment

November 30, 2020/InvestmentOne Report  ·         Net interest income of N66.70.56billion, up 23.73%q/q , 36.70%y/y      ·         Non-interest income of 30.37billion, down 37.83%q/q, 12.11%y/y. ·         Profit before tax of N33.24billion, up 36.23%q/q, 18.90% y/y. ·         Profit after tax of N32.70billion, up 128.20%q/q, 31.99%y/y. Higher earnings as NII improves Recently, UBA reported […]

International Breweries is Maintaining Underperform Rating in Q3 2020

November 27, 2020/Proshare by FBNQuest Research Slight changes to earning forecasts and price target International Breweries (IB) strengthened its balance sheet in Q3’20 with an 82% y/y increase in its cash balance to NGN47bn, thanks to favourable working capital changes, a lower capex and proceeds from last year’s rights issue. […]