A cursory analysis of the company’s result shows revenues got a boost, despite the challenges of Covid-19.
First Bank is still the largest Nigerian bank by customer deposits but Zenith Bank is closing in.
The Bank recorded 17.4% increase in Profit Before Tax from N44.65 billion to N52.41 billion.
With 9 months into 2020 accounting year, VITA FOAM already boosts a profit of N2.1billion.
Profit was impacted by a number of one-off accounting adjustments totaling N17.2b.
In the analysis of revenue, DSR major turnover emanates from Lagos; one of its 4 segments.
Sterling Bank made N5.4 billion in profit for the Half-year 2020, falling shy of the N5.7 billion posted in the corresponding period of 2019.
Despite the pains some industries seem to be taking advantage of border closure.
Half-year results from different brewing companies have revealed that the entire sector in Nigeria may be moribund.
Africa’s leading e-commerce firm Jumia released its second-quarter earnings on Wednesday showing it incurred a loss of Eur 37.6 million (N17.1 billion) in the second quarter...