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CORPORATE ANNOUNCEMENTS – 18th July, 2017

HomeInvestors Newsbeat

CORPORATE ANNOUNCEMENTS – 18th July, 2017

UNITED BANK FOR AFRICA PLC – Cancellation of UBA Staff Share Investment Trust Scheme
United Bank for Africa Plc. has announced the crossing of 2,080,104,955 Ordinary Shares of the Bank from the UBA Staff Share Investment Trust Scheme to the Bank in line with the Special Resolution passed at its AGM of 8^th April, 2016 to cancel those shares. Upon cancellation, the Outstanding Shares of the Bank will reduce by 5.7% to 34,199,421,366.
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GUINEA INSURANCE PLC
Financial Result for the 6 Months Ended 30^th June, 2017
Gross Premium Written: 14% increase from N528.6m to N604.1m
Profit/(Loss) after Tax: 138% increase from N41.6m to N98.8m (6M 2017 EPS, 1.5 kobo; 6M 2016 EPS, 0.6 kobo)
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Financial Result for the 3 Months Ended 31^st March, 2017
Gross Premium Written: 7% decrease from N290m to N271m
Profit/(Loss) after Tax: 306% decrease from N20.4m to (N42m) (3M 2017 EPS, -0.8 kobo; 3M 2016 EPS, 0.4 kobo)
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WEMA BANK PLC – Financial Result for the 6 Months Ended 30^th June, 2017
Gross Income: 26% increase from N24.3bn to N30.5bn
Profit/(Loss) after Tax: 10% increase from N1.1bn to N1.2bn (6M 2017 EPS, 3.2 kobo; 6M 2016 EPS, 2.9 kobo)
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By NSL ADMIN| July 18th, 2017|Investors Newsbeat|Comments Off

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