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Finance & Investment

Emirates Group announces AED 48.9 billion half-year performance for 2018-19

EMIRATES Group today announced its half-year results for 2018-19. The Group revenue was AED 54.4 billion (US$ 14.8 billion) for the first six months of its 2018-19 financial year, up 10% from AED 49.4 billion (US$ 13.5 billion) during the same period last year. The Group saw steady revenue growth …

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Turkish Airlines surpasses USD 1 billion profit mark in 9 months

TURKISH Airlines posted profit from main operations of USD 1 billion 149 million, in the first 9 months of 2018, despite the increasing fuel prices due to its increasing demand and unit revenues. The airline managed to increase both passenger and cargo revenue significantly, achieved a total revenue of approximately …

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NAHCO posts impressive N7.2bn turnover in Q3 results, leverages on service; process improvements

HAVING just concluded an excellent half – year performance, the Nigerian Aviation Handling Company plc (nahco aviance) has again posted impressive Third Quarter (Q3) results with a N7.25Billion turnover while declaring a Profit Before Tax of N731.8Million. According to the figures released to the Nigerian Stock Exchange (NSE), the Company …

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Turkish Airlines’ airlift 7 million passengers, records 83.4% load factor in September 2018

TURKISH AIRLINES has announced passenger and cargo traffic results for September 2018 airlifting about 7 million passengers with a high load factor of 83.4%. On top of the strong base effect of September 2017, growth in the number of passengers, revenue per kilometer and load factor, is an important indicator …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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