Culled—Proshare September 10, 2020 by FBNQuest Research 7% increase to our price target Zenith Bank’s Q2 2020 PBT missed our forecast because of a negative surprise in loan loss provisions which overshadowed positive surprises in funding and non-interest income. Similar to banks that have reported their Q2 results, Zenith’s impairment […]

September 10, 2020/United Capital Report Earlier, Zenith Bank Plc (“ZENITH”) released its H1-2020 audited results, which showed a 4.4%y/y growth in Gross Earnings (GE) to N346.1bn. Also, PBT and PAT rose 2.2% and 16.5% to N114.2bn and N103.8bn while Loans as well as Deposits expanded by over 15.0% apiece to N3.5tn […]

September 9, 2020/Cowry Asset Report Lafarge Africa Plc recorded strong operating performance in H1 2020 as its Profit After Tax (PAT) rose by 158.96% to N23.33 billion due to significant declines in finance costs and administrative expenses. Lafarge Africa’s impressive performance was despite the COVID-19 pandemic which nearly shut-down economic […]