December 7, 2021/CSL Research FBNH released 9M 2021 AUDITED numbers. The group’s profitability ratio worsened in 9M 2021 compared with 9M 2020 due to pressure on Interest Income because of lower yields. Interest Income declined 12.6% y/y in 9M 2021, mainly on the back of a decline in yields on […]
Results & Dividends
Presco Plc Maintained Outperform Rating in Q3 2021 Results Review
December 3, 2021/Proshare by FBNQuest Research EPS forecasts over the ’21-23f period raised by an average of 19% Presco reported strong Q3 ’21 results with earnings of NGN3.6bn up 470% y/y. Earnings growth was driven by sales (up +134% y/y to NGN12.8bn) and a gross margin expansion of +205bps y/y to […]
Rising Unclaimed Dividends; A Tale of Idle Investors’ Funds
December 3, 2021/CSL Research Based on news reports, the Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, expressed dissatisfaction with the process associated with the release of unclaimed dividends to shareholders by capital market registrars and listed companies. According to the DG, some of the capital market […]
