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Zenith Bank Plc – Earnings Beat as FX Income Spike Dwarfs Huge Provision

Culled—Proshare August 14, 2017/Vetiva Research • High interest rate environment lifts top line despite flat loan growth • Elevated OPEX and Interest cost persist • Provision in Power and Telecom… Read more »

Investors Commend Conoil, Approve N2.15 Billion Dividend

August 11, 2017/Conoil Plc Shareholders of frontline oil products marketer, Conoil Plc, have commended the management and Board of the company for the impressive performance it recorded in the last financial… Read more »

First Glance: Impressive Growth in Gross Earnings Masks Surge in Credit Loss Provision, EPS Ahead of Consensus’

August 11, 2017/Cordros Research Click here to download full PDF copy of Report Zenith Bank Plc (ZENITHBANK) released audited H1-17 results yesterday, reporting double-digit growth across most line items –… Read more »

Zenith Bank Plc Q2 2017 Results: Initial Impression

August 11, 2017/InvestmentOne Research NIGERIA | EQUITIES | BANKING | ZENITH BANK PLC Q2 2017 results highlight: Surge in loan impairment charges weighs on gains from FX trading ·         Net… Read more »

Flour Mills of Nigeria Q4 2017 & Q1 2018 Results Review – Maintaining OP Rating on Strong Q1 Results

Culled—Proshare August 10, 2017/FBNQuest Research Material increases to our EPS f’csts and PT; maintaining OP rating Flour Mills of Nigeria’s (FMN) Q1 2018 (end-Jun) and Q4 2017(end-Mar)  results came in… Read more »

Dangote Sugar Refinery Q2 2017 Results Review – Higher Pricing Key Driver for Earnings Growth

Culled—Proshare August 10, 2017/FBNQuest Research 2017/18E EPS ests. up by 85%; price target up by 120% to N15.6 Dangote Sugar Refinery’s (DSR) Q2 2017 earnings of N12.3bn surprised positively, coming… Read more »

Zenith Bank Reports Q2 2017 Results – Loan Loss Impairments and OPEX Spiked

Culled—Proshare August 10, 2017/FBNQuest Research Event: Zenith Bank reports Q2 2017 results Implications: Upward revisions to consensus full year PBT forecasts likely Positives: PBT up 120% y/y, driven mainly by a… Read more »

Cadbury Nigeria Q2 2017 Results Review – Neutral Rating Maintained

Culled—Proshare August 10, 2017/FBNQuest Research Input cost pressures weighed on earnings Cadbury Nigeria’s (Cadbury) 20.6% y/y sales growth in Q2 2017 was 9.1% ahead of our forecast. Both domestic and… Read more »

Zenith Bank Plc Q2 2017 Results: Key Highlights

August 10, 2017/InvestmentOne Research Zenith Bank released its Q2 2017 results earlier today. Please find key highlights of the Q2 2017 results below: ·         Net interest income of N68.36bn, down… Read more »

Afrinvest pays coupon to NIDF investors

10/8/2017/Punch Afrinvest Asset Management Limited, the fund managers of the Nigerian International Debt Fund, says it is set to pay investors the interim coupon for the 2017 financial year in… Read more »