Investors Bite

Nestle Nig. Plc Records LAT in Q3-16 on Higher Effective Tax

October 31, 2016/Cordros Research NESTLE released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) 16.6% y/y and 10.7% q/q revenue growth; (2) significant y/y gross margin contraction; (3) net forex loss; and (4) a LAT of N5.1 billion, […]

Access Bank Plc | 9M’16: Earnings Up 19% Despite Non Interest Income Slump

October 28, 2016/Cordros Research This afternoon, Access Bank Plc (ACCESS) released its nine-month earnings result for the period ended September 30, 2016. EPS declined to N1.98 from N2.01, despite a 19% y/y increase in PAT; mainly because of the impact of a higher number of shares outstanding following last year’s […]

Bears Sustain Hold on Nigerian Bourse; Stocks Close Lower 1.10% WoW

By InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Friday sustained its hold on the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) and Market Capitalisation depreciated by 1.10 percent to close the week at 27,294.21 and N9.375 trillion respectively. “However, all other Indices finished higher during the week with the exception […]