11/8/2016/Old Mutual The Directors of Old Mutual plc (the ‘Company’) have declared an interim dividend for the six months ended 30 June 2016 of 2.67p per share (the ‘Interim Dividend’), which will be paid on 28 October 2016. Shareholders on the South African, Zimbabwean and Malawian branch registers and the […]
Results & Dividends
Flour Mills: Strong Q1-16/17 Performance Underpins Earnings Revision
August 12, 2016/Cordros Research FLOURMILL’s Q1-16/17 numbers outperformed consensus, with EBIT and PBT respectively growing by 56.9% y/y and 394.3% y/y. Key drivers were the significant growth in gross profit and decline in finance charges. Given the strong start to the year, albeit acknowledging underlying downside risks, we have revised […]
Zenith Bank Plc Earnings Miss as Loan Loss Expense Pressures PAT
Culled—-Proshare August 12, 2016/Vetiva Research Strong Q2 top line up 16% q/q, 10% ahead of Vetiva estimate Loan loss doubles, up to N14.2 billion Devaluation supports credit growth, up 15% ytd Board of Directors declare N0.25 interim dividend PAT bows to higher provision and tax ZENITHBANK’s H1’16 results showed weaker […]
