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Listed banks H1 results - Profits continue to grow!
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mwekez@ji
#91 Posted : Tuesday, July 19, 2011 9:31:33 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
mwanahisa wrote:

I wish NSE could move to the same standards as the JSE and require NSE listed companies to submit a calendar for announcements (among other things).


Couldn't agree more
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the deal
#92 Posted : Tuesday, July 19, 2011 10:39:49 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The more the Banksters delay their results...the more likely the numbers are below par...
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mwekez@ji
#93 Posted : Tuesday, July 19, 2011 10:47:29 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
KCB Rwanda projects profit drop in H1

http://www.newtimes.co.rw/index...=14691&article=43316
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Cde Monomotapa
#94 Posted : Wednesday, July 20, 2011 6:20:11 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mwekez@ji wrote:
KCB Rwanda projects profit drop in H1

http://www.newtimes.co.rw/index...=14691&article=43316

This is dumb Laughing out loudly how is it a profit drop in H1 2011 when KCB(R) was in the losses in H1 2010 Laughing out loudly Laughing out loudly media men Sad
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Cde Monomotapa
#95 Posted : Wednesday, July 20, 2011 6:20:24 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mwekez@ji wrote:
KCB Rwanda projects profit drop in H1

http://www.newtimes.co.rw/index...=14691&article=43316

This is dumb Laughing out loudly how is it a profit drop in H1 2011 when KCB(R) was in the losses in H1 2010 Laughing out loudly Laughing out loudly media men Sad
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Cde Monomotapa
#96 Posted : Wednesday, July 20, 2011 6:29:18 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Haven't said this in a while, !! ROAR !!
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mwekez@ji
#97 Posted : Wednesday, July 20, 2011 8:46:33 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
This is dumb Laughing out loudly how is it a profit drop in H1 2011 when KCB(R) was in the losses in H1 2010 Laughing out loudly Laughing out loudly media men Sad


@Cde, read the article properly. The projection is that Q2 (2011) has not fetched as much earnings as Q1 (2011). KCB Rwanda’s Managing Director, Maurice K. Toroitich gave the following reason for it

Quote:
“Bralirwa’s Initial Public Offering (IPO) helped the bank record a healthy growth, which did not happen in the second quarter.
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mwanahisa
#98 Posted : Wednesday, July 20, 2011 9:19:39 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Cde Monomotapa wrote:
mwekez@ji wrote:
KCB Rwanda projects profit drop in H1

http://www.newtimes.co.rw/index...=14691&article=43316

This is dumb Laughing out loudly how is it a profit drop in H1 2011 when KCB(R) was in the losses in H1 2010 Laughing out loudly Laughing out loudly media men Sad


Wrong headline. What they meant is that the profits for Q2 2011 will be slightly lower than those of Q1 2011. However, H1 2011 will still be well above that for H1 2010.

You know bad news sells - I am reading (finally) Jeffrey Archer's "The Fourth Estate" and these guys will do anything for a catchy headline - but then we already knew that!
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Cde Monomotapa
#99 Posted : Wednesday, July 20, 2011 9:20:02 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mwekez@ji wrote:
KCB Rwanda projects profit drop in H1

Then why this mis-leading statement?
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mwekez@ji
#100 Posted : Wednesday, July 20, 2011 9:25:14 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
mwekez@ji wrote:
KCB Rwanda projects profit drop in H1

Then why this mis-leading statement?


Please replace H1 with Q2. My apologies @Cde et all
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