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Finance & Investment

Delta Air Lines announces September 2018 Quarter Profit

DELTA AIR LINES has reported financial results for the September quarter 2018 with adjusted pre-tax income for the September quarter 2018 standing at $1.6 billion, and adjusted earnings per share were $1.80, at the high-end of guidance. Adjusted earnings per share were up 16 percent compared to the prior year quarter, driven by revenue momentum, tax reform benefits and a …

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Tony Elumelu Foundation partner GIZ to Empower Young Entrepreneurs across East, West Africa

THE Tony Elumelu Foundation (TEF), Africa’s leading entrepreneurship philanthropy, is partnering with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the German Government’s Agency for International Cooperation to empower 210 young African entrepreneur GIZ support of the Tony Elumelu Foundation Entrepreneurship Programme will be focusing specifically on female entrepreneurs and tech-enabled businesses. The German Government (BMZ), has committed EUR 1 million …

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Africa Prudential partners cooperative societies on technology adoption

AFRICA Prudential Plc, a leading share registration and investor services firm has partnered with the International Co-operative Alliance-Africa (ICA) to deploy technology solutions for a more efficient administration of co-operatives and thrift societies across Africa. The commitment was made public at the 12th African Ministerial Co-operative Conference which was held on October 2 to 5, 2018 in Abuja, Nigeria. The …

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United Capital launches new, improved online investment platform, InvestNow.Ng

UNITED Capital Plc, a leading financial services group just launched its new, improved online investment platform, InvestNow. The company, which prides itself in being innovative and customer-centric rolled out this platform as part of its retail strategy and unwavering commitment to excellent service experience. The platform was first released in 2014 as a securities trading platform but has gone through …

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Transcorp Hotels Plc records 85% increase in Half Year 2018 Profit After Tax

TRANSCORP Hotels Plc. (“Transcorp Hotels”) has announced its Unaudited Financial Statements for the period ended June 30, 2018 showing significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02billion and Earning Per Share of 17.84 Kobo. Transcorp Hotels delivered a commendable 29% year-on-year growth in revenue at the close of the first half of 2018, …

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Delta Air Lines announces March Quarter Profit

DELTA AIR LINES has reported financial results for the March quarter 2018 as adjusted pre-tax income for the March 2018 quarter was $676 million, a $104 million decrease from the March 2017 quarter, as record revenues were offset by higher fuel prices and other increased costs including a $44 million impact from severe winter weather.

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UBA sustains strong performance with growing contribution and market share from Africa

Declares Profit Before Tax of N105.3 billion UNITED Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive trends in the financial performance. The pan-African financial institution’s audited results showed that gross earnings grew substantially to N462 …

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Turkish Airlines hits 79.7% load factor in December 2017

TURKISH Airlines has announced that it completed the year 2017 with a great success with an increased passenger factor of 9.3% after airlifting 68.6 million air travelers. The number of passengers in 2017 compared to the previous year reached 79.1% by increasing 4.7 points. The flag carrier has reached highest December load factor rate with 79.5% in the last month …

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Turkish Airlines announces USD 956 million profit in 2017 Q3 financial results

 TURKISH AIRLINES posted record net profit of all 3rd quarters in company history with USD 939 million in 2017 Q3 recording its 9-monthly operating net profit as USD 956 million. The successful 3rd quarter marked a 23 percent increase on total revenues compared to the same period of 2016, reaching USD 3.6 billion. The 9-monthly average on total revenues marked …

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