Tag: profit after tax
Ecobank CEO on how COVID-19 has impacted the company’s first half earnings
Ecobank reported an 18 per cent decline in its profit-after-tax to 48.5 billion naira for the first half of the year. As the stock market prices in the result, the bank’s Group CEO, Ade Ayeyemi joins CNBC Africa for more.
Africa Prudential’s profit after tax rises 5% in H1
Africa Prudential recorded a 5 per cent increase in its half-year profit-after-tax. Managing Director and CEO, Obong Idiong says the impact of the Covid-19 pandemic was evident in the first-quarter numbers, but the company has since put some structures in place to maximize the current business cycle. He joins CNBC Africa to unpack the company’s half-year earnings.
Unpacking Nigerian telecom earnings
In its 9-month financial statement, MTN Nigeria recorded a 28.9 per cent increase in its Profit-After-Tax. Meanwhile, Airtel Africa’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin grew by 43.9 per cent in its half-year 2020 earnings driven by an improved efficiency in Nigeria. David Adu, Senior Analyst at Meristem Securities joins CNBC Africa for more.
Standard Chartered Bank Kenya on H1 results, future plans
Standard Chartered Bank Kenya posted a 5 per cent increase in profit after tax for the first half of 2019 on the back of reduced operating expenses. On their results and future plans, CEO & Managing Director of Standard Chartered Bank Kenya, Kariuki Ngari joins CNBC Africa's Fiona Muthoni for more.
Okomu Q1 profits slip further
Okomu Oil Palm recorded a 71 per cent decline in its first-quarter profit after tax. The Crude Palm Oil and Rubber producer recorded a 42.5 per cent decline in turnover for the same period. Graham Hefer, CEO of Okomu Oil Palm joins CNBC Africa to break down the numbers.
AXA Mansard sees drop in full-year profit
AXA Mansard Insurance and its subsidiary companies posted a 7 per cent decline in full-year profit after tax for 2018. However, gross premiums for the financial service group rose 26.5 per cent in the reporting period. Ngozi Ola-Israel, Chief Financial Officer at AXA Mansard joins CNBC Africa to break down the numbers.
Access Bank to raise N15bn from green bond
Access Bank’s profit after tax increased by 58.1 per cent to 94.8 billion naira in 2018, and the institution has offered for subscription a 15 billion naira green bond. Herbert Wigwe, CEO of Access bank joined CNBC Africa’s Christy Cole to discuss these and more.
Zenith Bank records rise in pre-tax profit
Zenith Bank Group recorded an 11.3 percent rise in full-year profit after tax to 193 billion naira. CNBC Africa's Esther Awoniyi caught up with Zenith Bank's Deputy Managing Director Ebenezer Onyeagwu to break down the numbers.
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