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Fidelity Bank Q2 2016 Results: Retaining Underperform Rating on Weak Outlook

Culled—-Proshare August 5, 2016/FBNQuest Research Maintaining Underperform rating despite rolling over to 2017E Although Fidelity Bank’s (Fidelity) Q2 2016 PAT beat our forecast by 27%, the positive surprise was solely due to a positive result on the other comprehensive income (OCI) line. The underlying results showed that PBT missed our […]

MAYBAKER Says H1 2016 Pretax Profit up 2.32%

By InvestAdvocate Lagos (INVESTADVOCATE)-Drugmaker, May & Baker Nigeria Plc said its first-half (H1) pretax profit for the period ended June 30, 2016 climbed up marginally 2.32 percent to N44.2 billion from N43.7 billion a year earlier. Similarly post-tax profit rose slightly 3.44 percent to N30.08 billion from N29.73 billion posted […]

LafargeHolcim reports Q2 2016 results

August 5, 2016/LafargeHolcim Pricing and synergies drive improvements in operating margins and earnings Adjusted operating EBITDA margin up 210bps to 23.4% in Q2 Adjusted operating EBITDA up 6% like-for-like in Q2 Net sales of CHF 7.28 billion in Q2, 2% lower on a like-for-like basis Solid operating Free Cash Flow […]