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FBNH H1 2016 Pretax Profit Down 11.9%

July 26, 2016/InvestmentOne Research FBNH’s recently released results Q2 2016 were reflective of the depreciation of the local currency at the interbank market. This contributed to the significant spike in net gains on FX to N51.5bn in Q2 2016 against N1.4bn in Q1 2016. However, it also lead to the […]

Bulls Return to NSE, Benchmark Index Rise 1.14%

  By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bulls on Wednesday returned to the Nigerian Stock Exchange (NSE) halting a six-consecutive day of losses. At the close of trading on the domestic bourse, all-share index (ASI) closed at 27,945.02 points, while market capitalisation fell by N24.25 billion to N9.60 trillion. “Today’s […]

Flour Mills of Nigeria Reports Pre-tax Loss of –N8.3bn in Q4’16

Culled—–Proshare July 26, 2016 / FBNQuest Research Event: Flour Mills of Nigerian (FMN) reports Q4 2016 (end-Mar) results Implications: Likely downward revisions to consensus 2017 PBT forecast Positives: No obvious positives Negatives: FMN reported a pre-tax loss of –N8.3bn, driven mainly by a 48% y/y and 58% y/y rise in […]