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February 17, 2020 Weekly Picks 17.02.20 SVL Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on
JMMB reports 32% increase in nine months net profit attributable to the shareholders
February 14, 2020 JMMB Group Limited (JMMBGL) for the nine months ended December 31, 2019 recorded net interest income of 7.02 billion, a 5% increase when compared with $6.68 billion recorded for the corresponding period in 2018. Interest expenses increased 20% to total $7.72 billion relative to the $6.44 billion recorded for the same period in 2018.Net interest income for the quarter amounted to $2.40 billion, a 3% increase when compared with the $2.33 billion recorded for the same period in 2018. Fees and commission income for the period amounted to $2.43 billion, an improvement of 32% on the $1.84 billion
EPLY reports 31% increase in year end net profit
February 14, 2020 Eppley Limited for the year ended December 31, 2019 reported interest income of $370.89 million a 16% or $51.70 million increase when compared $319.19 million recorded for the corresponding period in 2018. Total interest income for the quarter amounted to $101.37 million a 20% increase when compared to the $84.77 million recorded for the same quarter in 2018. Interest expenses for the period amounted to $197 million, a 16% increase when compared to $170.15 million recorded for the prior year. Consequently, net interest income for the financial year rose 17% to total $173.88 million up from the