Earnings Broadcast

CDC-backed businesses in Africa and Asia create nearly 1.3 million new jobs

LONDON, United-Kingdom (Capital Markets in Africa) — CDC Group plc, the UK’s government-owned development finance institution, has today announced its 2014 annual results. The organisation, which invests to support the growth of businesses and create jobs in developing countries in Africa and South Asia, made 19 new investment commitments totalling £296.5m and reported a total return after tax of £420.2m (2013: £117.3m). New analysis also showed that CDC-backed businesses contributed to the creation of nearly 1.3…

South Africa’s Standard Bank H1 profit rises 27 percent

Posted on by The Editorial Team

JOHANNESBURG, South Africa (Capital Markets in Africa) – Africa’s biggest lender by assets, Standard Bank, on Friday released our interim results for 2015. The Bank delivered solid growth in Africa during the first half of the year despite economic challenges facing sub-Saharan Africa. The Standard Bank Group headline earnings increased by 27% to R10 529 million and headline earnings per share (HEPS) increased by 27% to 651 cents. Results highlights for the six months to 30 June 2015:…

Egypt: Americana Egypt posts 47% drop in Half-year profits

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Cairo, Egypt (Capital Markets in Africa) — Egyptian Co. for International Tourism Projects (Americana Group-Egypt) reported a 47% drop in its consolidated earnings for the six-month period ended 30 June 2015. The earnings reached EGP 65 million ($8.3 million), compared with EGP 122.8 million ($15.7 million) in the year-ago period. H1 sales amounted to EGP 1.24 billion, compared with EGP 1.03 billion in the year-ago period. The standalone net earnings reached EGP 66.71 million, compared…

United Capital Plc Half-Year Report Gross Earnings Grows by 22%

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Lagos, Nigeria (Capital Markets in Africa) — United Capital Plc, one of Nigeria’s leading investment banking and financial services firms, announces unaudited earnings growth of 22% for the half year ending 30thJune 2015 from N 2.26 billion in 2014 to N 2.75 billion in 2015. Profit Before Tax grew by 20% from N 1.50 billion in H1 2014 to N 1.79 billion in H1 2015. Profit After Tax also improved by 13% from N 1.2…

Zenith Bank Gross Earnings up 14.8%

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Zenith Bank (“Zenith” or “the Bank”) yesterday released its audited FY:2014 result on the floor of the Nigerian Stock Exchange (NSE), outperforming our expectations. We present the highlights of the result and our FY:2015 estimates. Gross Earnings up 14.8% Y-o-Y; PAT up 4.3% Y-o-Y The wave of the release of banks’ FY:2014 results intensified yesterday, building investors’ momentum as Zenith recorded positive growth in both top and bottom line notwithstanding Central Bank of Nigeria’s (CBN)…

Guaranty Trust Bank Earnings up 14.8%

Posted on by The Editorial Team

Guaranty Trust Bank (“GTBank” or “the Bank”) today, March 5, 2015 published its audited FY:2014 result on the floor of the Nigerian Stock Exchange (NSE), recording impressive growth in top and bottom lines amidst harsh operating environment. We present the highlights of the result and our 2015 estimates. Leading the Pack: Earnings and PAT up 14.8% and 9.6%Y-o-Y GTBank reinforced its leadership role in the banking space to be the first bank to publish its…

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