Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nairobi Stock Exchange  >  Equity Group Holdings Plc    EQTY   KE0000000554

EQUITY GROUP HOLDINGS PLC

(EQTY)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Equity : Posts a 14% Rise in Net Profits to Hit Sh22.6 Billion

share with twitter share with LinkedIn share with facebook
share via e-mail
03/20/2020 | 09:20am EDT

Equity Group Holdings has reported a 14 percent year on year growth in FY19 Profit after Tax to Sh22.6Bn, compared to Sh19.8 billion in 2018.

This was supported by 8.6 percent year on year growth in Net interest income to Sh45.0 Billion, coupled with 19 percent rise in non-interest revenue to Sh30.8 billion.

Consequently, non-interest revenue contribution rose 219 basis points to 40.6 percent.

"Execution of the Group's business strategy continued to yield results as non-funded income contributed 40 percent of the Group's total income reflecting quality and diversification of income. Success in our regional expansion and business diversification saw subsidiaries contribution to Group profit after tax rise to 18 percent up from 15 percent the previous year," James Mwangi, Managing Director and CEO said.

The loan book grew 23.3 percent to Sh366.4 billion with 97 percent of transactions occurring outside the branch, while investment in government securities rose 7.0 percent to Sh172.2 billion.

Cost-to-Income (CTI) was relatively unchanged year on year at 51.5 percent.

In Kenya, Cost-to-income clocked 45.7 percent as the bank has heavily leveraged on its mobile, online, agency and digital platforms in the country.

Management is targeting to push the branch numbers further lower in Kenya with branches envisaged to serve high-value transactions for SMEs, corporates, wealth management, and advisory.

Analysts at Genghis Capital anticipate CTI to settle at sub 50 percent levels as the bank recovers from one-off costs (KES 1.8Bn) witnessed in 2Q19 on account of an ATM network upgrade.

A final dividend of KES 2.50 was declared to mark a 25 percent increase from the previous year.

Copyright Capital FM. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on EQUITY GROUP HOLDINGS PLC
05/29EQUITY : Registers 14% Drop in Net Profit on Sh3 Billion Provisions on Loans
AQ
05/28EQUITY : Bank Kenya Limited will provide ATM security with ATMeye.iQ
AQ
05/18Coronavirus widens climate rift between European and U.S. oil majors
RE
05/18Coronavirus widens climate rift between European and U.S. oil majors
RE
05/14MANULIFE WOULD BE 'VERY HAPPY' TO BO : Cfo
RE
05/08EQUITY GROUP HOLDINGS PLC : Annual results
CO
04/30EQUITY : Mastercard Foundation Commits USD $5 Million to Protect Kenyan Health C..
AQ
04/28EQUITY : Bank Donates COVID-19 Test Kits Worth Rwf1 Billion
AQ
04/08EQUITY GROUP HOLDINGS PLC : Slide show results
CO
03/20EQUITY : Posts a 14% Rise in Net Profits to Hit Sh22.6 Billion
AQ
More news
Financials
Sales 2019 72 992 M 688 M 688 M
Net income 2019 22 497 M 212 M 212 M
Net Debt 2019 - - -
P/E ratio 2019 5,86x
Yield 2019 6,48%
Capitalization 131 B 1 234 M 1 236 M
EV / Sales 2018
Capi. / Sales 2019 1,80x
Nbr of Employees 6 318
Free-Float 81,8%
Chart EQUITY GROUP HOLDINGS PLC
Duration : Period :
Equity Group Holdings Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EQUITY GROUP HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 51,94 KES
Last Close Price 34,75 KES
Spread / Highest target 112%
Spread / Average Target 49,5%
Spread / Lowest Target 10,5%
EPS Revisions
Managers
NameTitle
James Njuguna Mwangi Group CEO & Non-Independent Executive Director
David Raymond Ansell Chairman
Hakan John Wilson Chief Operating Officer
David Ngata Group Director-Finance
Mary Wangari Wamae Non-Independent Executive Director