Airtel Africa’s profit up 12.9%, customer base reaches 111.5 million
Airtel Africa had risen in customers’ base by 11.8% to 111.5 million in spite of the pandemic.
Tag: 2020 Q1 Results
FIDELITY BANK PLC: Frail earnings outlook but valuations still attractive
Despite the substantial growth in loan book in 2019 (up 33% y/y) amidst frail macro conditions, we do not envisage ...
Jumia is optimistic of COVID-19 boost, despite poor Q1 2020 earnings report
"We are seeing unprecedented demand to join the Jumia platform, especially for named brands. We believe those dynamics will help ...
Analysis: Nestlé strong but exposed.
Being a market leader is great, but in times of economic despair, it can quickly turn you into prey.
Continental Reinsurance reports Q1 2020 results, affirms support towards COVID-19 pandemic
Despite unprecedented challenges across Africa resulting from the COVID-19 pandemic, Continental Reinsurance has posted a 29% increase in gross premium
Nestle releases Q1 2020 result, administrative and distribution expenses drive down profits
Food and beverage giant, Nestle Nigeria Plc, has released its unaudited financial statement for the first quarter (Q1), 2020.
African Alliance Insurance Plc announces board meeting and closed period
African Alliance Insurance PLC has announced that its Board of Directors will hold a meeting at 54, Awolowo Road, Ikoyi, ...
Q1’20: Okomu Oil’s result is more proof that essentials always win
With the pandemic on our tails, one of the lessons many businesses and individuals have learnt is that certain things ...
International Breweries: Cost inefficiences weigh on operating performance as financial leverage improves
The company's cost of sales grew 13.2% y/y to N24.5 billion in Q1 2020, driven by double-digit growth in raw ...
Zenith Bank’s Profit Before Tax Rises by 3% to N58.7 billion in Q1 2020
The increased profits benefited from the twin effects of continuing top-line growth and focused cost-of-funds optimisation.
