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Finance & Investment

Delta Air Lines announces $847 million March quarter profit

DELTA Air Lines has reported financial results for the March quarter 2017. Highlights of those results, including both GAAP and adjusted metrics, are below and incorporated here. Adjusted pre-tax income for the March 2017 quarter was $847 million, a $713 million decrease from the March 2016 quarter, primarily driven by higher fuel prices. Delta’s chief executive officer, Ed Bastian said, …

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FAAN opens 2017 internally generated revenue contract bids

FEDERAL Airports Authority of Nigeria (FAAN) on Monday, 3rd April, 2017, began the process of evaluating bidding companies for the award of contracts under its 2017 Internally Generated Revenue Budget, by opening tendered documents in line with the provisions of the Public Procurement Act 2007. The Airports Authority on the 20th February, 2017, had placed adverts in various national dailies, …

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SAA encourages travel partners to explore multiple revenue generation streams

SOUTH AFRICAN AIRWAYS has harped on the importance of its travel partners to explore multiple ways of generating revenue to increase their profit base at a forum held at Federal Palace Hotel, Victoria Island, Lagos. The aim of the forum was to enlighten and educate the travel partners on how to develop new marketing campaign strategies beyond their core service …

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Med-View Airline listed on NSE, reveals N58.5b projected revenue by 2020

MED-VIEW Airline has listed 9,750,649,400 ordinary shares of 50kobo each at N1.50kobo per share on the floor of the Nigerian Stock Exchange (NSE). This is just as the airline also stated that it is projecting  growth despite challenges in 2020 with a revenue growth forecast of N58.5billion, improving on its growth from N3.6billion turnover when it commenced to N26b in …

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AFSCMS records successful year, declares dividends for members

AIRPORT Fire & Safety Co-operative Multipurpose Society Limited (AFSCMS), in its 16th Annual General Meeting demonstrated a successful turnout of the 2016 Financial Year, declaring a dividend offer across board for all its members. The AGM held at Murtala Muhammed Airport Staff School in Ikeja, Lagos over the weekend, attracted members of the cooperatives Society cutting across Federal Airports Authority …

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GTBank 2016 Q3 unaudited results reports N140.84Billion profit before tax

GUARANTY Trust Bank plc has released its unaudited financial results for the 3rd quarter ended September 30, 2016, to the Nigerian and London Stock Exchanges. A review of the 3rd quarter performance shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for the period grew by 44% to N329.3billion from N229.4billion reported …

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Delta Air Lines announces June 2016 Quarter Profit

Delta Air Lines has reported a pre-tax income of $2.4 billion for the month of June 2016 quarter. Adjusted pre-tax income for the June 2016 quarter was $1.7 billion, a $42 million increase over June 2015 quarter.  Adjusted net income was $1.1 billion or $1.47 per diluted share.

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Investors drum up support for diversification to tackle Nigeria’s economic dip

The opportunity to diversify the economy, invest in critical sectors and stimulate growth of the SME space to put the country on the path to sustainable development, this was the position canvassed by stakeholders at the Standard Bank West Africa Investors’ Conference, now in its 7th edition which had the theme, ‘Unlocking Nigeria’s potential…growth through diversification.’ Nigeria’s economy has been …

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