Other News

Thomson Reuters
Tech

BRIEF: Thomson Reuters Q1 revenue jumps by 17%

Thomson Reuters, the financial information company said its Adjusted EBITDA for the first quarter of the year rose to USD876 million compared to USD748 million in 2016. Total revenue for the period rose by USD2,8 billion compared USD2,7 billion in 2016.  The company’s tax & accounting  unit was the best […]

EBRD invests EUR23.6 million in PKO Bank debt
Global

EBRD invests EUR23.6 million in PKO Bank debt

The EBRD has invested PLN 100 million in in a zloty-denominated benchmark covered bond issue by PKO Bank Hipoteczny S.A. (PKO BH) The investment is approximately EUR23.6 million equivalent. The EBRD it is also the EBRD’s third PLN-denominated benchmark issue by PKO BH under the new covered bond legislation that […]

Fidson healthcare Q1 profit soars by 475%
Big Business

Fidson healthcare Q1 profit soars by 475%

Fidson healthcare plc ended the first quarter of 2017 financial year with NGN3.4 billion revenue compared to NGN1.2 billion recorded in same period 2016. The company’s costs of sales for the period was NGN1.6 billion against NGN570.4 million recorded in the previous year. The company recorded NGN1.7 billion gross profit […]

Rebound in upstream pushes ExxonMobil revenue to $4 billion
Energy

Rebound in upstream pushes ExxonMobil revenue to $4 billion

ExxonMobil Corporation said its estimated first quarter 2017 earnings rose to $4 billion. As benefit to its shareholders, it translated into $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity prices, cost management and refining operations. Commenting on the result, Darren W. Woods, […]

Champions breweries Q1 profit falls by 30%
Big Business

Champions breweries Q1 profit falls by 30%

Champions breweries plc in its financial report records NGN1.1 billion revenue for fisrt quarter 2017 compared to NGN871.9 million recorded in the previous year. The brewer’s costs of sales for the period was NGN886.3 million against NGN606.2 million recorded in 2016. The company recorded NGN220.1 million gross profit against NGN265.6 […]

Union bank profit fell by 4% in Q1 2017
Big Business

Union bank profit fell by 4% in Q1 2017

Union Bank plc in it’s financial report recorded NGN33.8 billion gross earnings for first quarter 2017 compared to NGN27.3 billion recorded same period 2016. The bank’s net interest income for the period was NGN14.6 billion against NGN14.9 billion recorded in the year before. The bank said it operating expense grew […]

EY opens Blockchain Lab in New York
Bitcoin

EY opens Blockchain Lab in New York

EY said it has opened its own Blockchain Lab in New York, United States of America. The company said the Blockchain Lab will run on a set of applications and services aimed at helping organizations commercialize the use of blockchain technology across the enterprise. EY Ops Chain combines blockchain-based services […]