Investors Bite

UBA Rated Outperform; Records 16% PBT Growth YoY in Q3 2016 Results

Culled—Proshare Event: United Bank for Africa (UBA) reports Q3 2016 results Implications: Slight positive reaction by the market likely Positives: Q3 PBT up 16% y/y, 18% ahead of our estimate Negatives: Limited to opex growing 25% y/y, surprising negatively by 27% UBA’s Q3 2016 results which were released this morning […]

TRANSCOHOT Names Two New Directors

By InvestAdvocate Lagos (INVESTADVOCATE) – Transcorp Hotels Plc, the hospitality unit of Nigeria’s top tier conglomerate, Transnational Corporation of Nigeria Plc on Tuesday announced the appointment of Saratu Umar as independent non-executive director and Bakari Wadinga, as non-executive director of the firm. TRANSCOHOT said the appointment of the new directors came […]

UBA Says 2016 Nine Months Profit up 7.64%

By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) said on Tuesday its profit after tax (PAT) for the period ended September 30, 2016 grew 7.64 percent to N52.3 billion from N48.5 billion recorded a year ago. Profit before tax (PBT) rose the same margin of […]