ALC Financial Magazine

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 alcbanking.com/Home/Articles?… 📷 Sasol #Africa #African #finance #tradingstocks #investingtips #Accounting #money #investment

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 Click to read more alcbanking.com/Home/Articles?… 📷 Absa Moz #Africa #business #Finance #stocks #investing #Accounting #invest #successtips

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 alcbanking.com/Home/Articles?… 📷 Lewis #Africa #africanbusiness #stocks #accounting #profit #money #investment

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 alcbanking.com/Home/Articles?… #africa #africanbusiness #business #finance #stocks #investing #profit #money #invest #successtips

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 alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?… #finance #investing #money

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 Click to read more alcbanking.com/Home/Articles?… #dangote #inflation #Africa #money #business #Finance #investing

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 alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?… Photo: Eastern Tobacco Company

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. alcbanking.com/Home/Articles?… Photo: Casablancacity.ma/fr

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 alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?…

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. alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?…

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 alcbanking.com/Home/Articles?…