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Zenith Bank Records Very Good Performance-Cowry Investment Recommendation

September 7, 2017/Cowry Asset Zenith Bank Records Very Good Performance Relative to the industry, Zenith Bank Plc recorded a very good performance for H1 2017. Taking into consideration relevant ratios, we… Read more »

PZ Cussons Nigeria: Impressive Q4-17 Result Caps Solid 2017FY Performance

September 7, 2017/Cordros Research Click here to download full PDF copy of Report PZ released 2017FY and Q4-17 results late yesterday. For the 2017FY, revenue grew by 14.5% while PAT… Read more »

PZ Cussons Says 2017 Pretax Profit up 52.83% to N4.81Billion

September 7, 2017 By InvestAdvocate Lagos (INVESTADVOCATE)-Soap and detergent producer, PZ Cussons Nigeria Plc on Wednesday said its pretax profit for the period ended May 31, 2017 surged 52.83 percent to… Read more »

Stanbic IBTC attracts N413.62 billion capital inflows into Nigeria

September 6, 2017/XLR8 Stanbic IBTC, a member of Standard Bank Group, in the second quarter of this year, facilitated a staggering $589.84 million capital inflow into the country, ranking it… Read more »

Stanbic IBTC Holdings Q2 2017 Results Review – Likely Easing of Cost of Risk In H2 Bodes Well

Culled—Proshare September 6, 2017/FBNQuest Research Post roll-over to 2018, keeping Neutral rating We have rolled over our price target for Stanbic IBTC (Stanbic) to 2018, increasing our target by 56%… Read more »

Guinness Nigeria Grew PBT by 213.41% in 2017 FYE Despite Increase in Costs

September 6, 2017/Cowry Asset Guinness Nigeria Plc today released its financial statements for the year ended 30, June 2017; Revenue increased year-on-year (y-o-y) by 23.48% from N101.97 billion to N125.92… Read more »

Guinness Nigeria Reports Q4 2017 Results – Gross Margin Contracted by 993bps QoQ to 44.8%

Culled—Proshare September 5, 2017/FBNQuest Research Event:                       Guinness Nigeria reports Q4 2017 (end-Jun) results Implications:        Upward revisions to consensus forecasts expected Positives:              Sales up 11% y/y, PBT and… Read more »

Guinness Nigeria Reports N125Billion Revenue in 2017 FYE

September 5, 2017/Guinness Nigeria Plc Click here to download full PDF Copy of Result Guinness Nigeria plc today announced a 23% increase in revenue for the full year ended 30… Read more »

Red Star Express Records N7.3b Turnover, Declares Dividend

31/8/2017/JSP Communications One of Nigeria’s leading logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than… Read more »

Stanbic IBTC Holdings Plc H1’17 – Earnings Beat Estimates Despite Higher Provisioning

Culled—Proshare August 31, 2017/Vetiva Research ·         Top and bottom line beat estimates, PAT doubles y/y ·         Strong loan and deposit growth defies industry trend ·         Board declares interim dividend of… Read more »