By InvestAdvocate Lagos (INVESTADVOCATE)- Nigeria’s leading conglomerate in several industries, AG Leventis (Nigeria) Plc on Monday reported a loss before tax of N494.0 million for the half-year (H1) period ended June 30, 2016 compared to N252.49 a year ago. In the same vein, the company reported a loss after tax […]
Results & Dividends
Flour Mills of Nigeria Plc Grows PBT by 394% YoY to N5.9bn in Q1’17 Results
Culled—Proshare August 1, 2016/FBNQuest Research Event: Flour Mills of Nigeria (FMN) reports Q1 2017 (end-Jun) results Implications: Marked upward revisions to consensus 2017 PBT forecast likely Positives: PBT grew markedly by 394% y/y to N5.9bn mainly driven by a 45% y/y growth in sales. Negatives: No obvious negatives Late last […]
Fidelity Bank Plc Reports Q2 2016 Results; Shares Rated Underperform
Culled—Proshare August 1, 2016/FBNQuest Research Event: Fidelity Bank reports Q2 2016 results Implications: Negative reaction by the market likely Positives: Limited Negatives: Loan loss provisions grew markedly and surprised negatively, leading to PBT falling -54% y/y Fidelity Bank’s Q2 2016 results which were last week Friday showed that while PAT […]
