ALC Financial Magazine

Analysis & Consulting on Publicly Listed Companies & Commercial Banks in Africa

[ALC Financial Magazine @AlcLtd]

SASOL's BEE shares rose 8.5% to R12750 per share, building on the R15.3 million half year profit they recorded in December.

Click below to read more

https://t.co/KFAuuGSZ1h

📷 Sasol

#Africa #African #finance #tradingstocks #investingtips #Accounting #money #investment

[ALC Financial Magazine @AlcLtd]

AOE shares rose 12% in the JSE on 18 May, but they are still down 44% since Jan as their main holding, Rex Trueform, made R75m loss in 2020

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https://t.co/wWNMESJzzd

📷 Absa Moz

#Africa #business #Finance #stocks #investing #Accounting #invest #successtips

[ALC Financial Magazine @AlcLtd]

Stocks for Furniture company, LEWIS GROUP LTD jumped 17.54% on 13 May 2021, closing at 3398 while the JSE declined by -1.862% over last week to 66169.

Click to read more

https://t.co/oC6JM5FLGn

📷 Lewis

#Africa #africanbusiness #stocks #accounting #profit #money #investment

[ALC Financial Magazine @AlcLtd]

MTN, closed at 9903.00, growing by 11.53%, the highest in the JSE. COMBINED MOTOR HLDGS LTD closed at 2000.00, growing by 8.99% .

Click to read more

https://t.co/xvUxDmjJ3E

#africa #africanbusiness #business #finance #stocks #investing #profit #money #invest #successtips

[ALC Financial Magazine @AlcLtd]

Insimbi Group's stock price is up 43.5% in 2021, despite a drop half year profits due to lockdowns in 2020. But a number of metal/material processing acquisitions made since 2016 positions them for a good 2021 as SA's economy recovers

Click to read more

https://t.co/iieOrVUaGq

[ALC Financial Magazine @AlcLtd]

Choppies is closing down in 4 of the 7 African countries it operates in. Scaling down will allow it to focus more on its profitable markets after making losses in 2017 & 2018

Click to read more on Choppies 2020 financials

https://t.co/ibpMTEEwaL

#finance #investing #money

[ALC Financial Magazine @AlcLtd]

In 2020 Dangote Sugar increased output to build on the $115.5m profits recorded in 2019. But a weak Naira and other factors caused lower than expected half year profits

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https://t.co/nuun6k6Z0E

#dangote #inflation #Africa #money #business #Finance #investing

[ALC Financial Magazine @AlcLtd]

MTN had good 2020 half year results, growing YoY profits to $810m despite the Covid-19 pandemic. But within SA, their revenues dropped, as did Vodacom, and Cell C, who recorded a $461m loss.

Click to see SA's big 4 telecoms performances in 2020 H1

https://t.co/wLv3eAn6uT

[ALC Financial Magazine @AlcLtd]

Kenyan Avocado exporter, Kakuzi, recorded $7m profit in 2019. But demand from Europe declined in 2020 during lockdowns, while Peruvian competitors oversupplied the market and drove down Avocado prices

Click to read how these challenges affected Kakuzi

https://t.co/0EuJnOa6SR

[ALC Financial Magazine @AlcLtd]

In 2020, massive loan losses resulted in profits of 5 of South Africa's biggest banks dropping by 64% in their half year results, to $0.65 billion from $2 billion in 2019

Click below to see a comparison of each banks Half year results.

Photo: Nedbank SA

https://t.co/efduQiwrah

[ALC Financial Magazine @AlcLtd]

Eastern Tobacco Company recorded $161m half year profits for their 20/21 fiscal year, after a strong $240m annual profits in 2020

Click to read about the factors that contributed to the firm's profits

https://t.co/JKA9fW0hYf

Photo: Eastern Tobacco Company

[ALC Financial Magazine @AlcLtd]

6 of Morocco's big banks reported an 80% overall decline in YoY profits in 2020 Q3 as continuous state of emergencies enacted to deal with the pandemic hit hard at many sectors, leading to significant defaults on loans.

https://t.co/xcmrqPcKfq

Photo: https://t.co/k05b4JqRGJ

[ALC Financial Magazine @AlcLtd]

Zambia's banking sector recorded overall net profits of $22.9m in 2020 Q4, a 38% drop from Q3's $37m.

But overall loan impairments also declined for a 2nd straight quarter, a good sign for the sector

Click below to read more

https://t.co/tXYknKdHiy

[ALC Financial Magazine @AlcLtd]

Ivory Coast’s largest Rubber producer, SAPH, recorded $5.6m profits in 3Q 2020. But their financial performance is extremely reliant on rubber commodity prices, with negative fluctiations causing them big losses in the past

Click below to read more

https://t.co/GhTFJpunyP

[ALC Financial Magazine @AlcLtd]

The Q3 performance of Bank of Africa's West African francophone subsidiaries beat expectations as overall YoY profits jumped 34% to $97m. Overall revenue also increased 12.3% to $283m.

Click below to see a summary of the different subsidiaries

https://t.co/lV9f0syiHj

[ALC Financial Magazine @AlcLtd]

Nigeria's 7 banking groups showed steady recovery in their Q3. Profits dropped 9.1% to $1.56 billion but revenues are up 4.7% to $5.59 billion as recovery from the Covid-19 pandemic continues. Click to read more on their Q3 performances

Photo: UBA Bank

https://t.co/YnOfqTrDMY

[ALC Financial Magazine @AlcLtd]

Vodacom Tanzania continues to adjust to regulatory requirements and faces increasing competition in 2021. Half year revenues declined by 11% to $206m and they recorded a $2m loss vs a $18m profit in 2020

Click below to read more about their performance
https://t.co/YR4oiQ0plo

[ALC Financial Magazine @AlcLtd]

East African Breweries Limited's (EABL) 2020 profits dropped 43% to $64.6 million as hospitality/recreational based sectors lost business from lockdowns restrictions. Read more on their 2020 performance.

https://t.co/fY06csWeYY

[ALC Financial Magazine @AlcLtd]

Rwanda's banks have seen a steady recovery in the 3rd quarter of 2020; reporting banks increased overall profits by 3.5% to $38.3 million despite the setbacks of the Covid-19 pandemic.

Click below to see a comparison of each banks Q3 figures

https://t.co/NntCNjdvUo

[ALC Financial Magazine @AlcLtd]

Kenya’s 10 Big Banks started 2020 positively. But the economic slowdown has lingered on, and Q3 Y-on-Y profits dropped by 34%

Click below to see a comparative of the 10 big banks performances in 2020 Q3.

Photo Cred: ABSA Bank Kenya

https://t.co/mkfBmzjJFJ