September 13, 2021/CSL Research Fidelity Bank’s recently released AUDITED H1 2021 numbers showed significant y/y growth in both Pre and Post-tax profit, supported by significant growth in Fee and Commission Income (up 39.1% y/y) and a reduction in OPEX (down 9.8% y/y) and Impairment Charge (down 70.6% y/y) amidst a […]
Results & Dividends
GTCO H1-21: Weaker Core Income Pressures Profitability
September 10, 2021/Cordros Report Event: GTCO released its H1-21 audited financials yesterday, which showed that the HoldCo recorded decline in its top and bottom-lines. Despite a moderation in funding cost, the significant decline in core income given a combination of weak asset creation and a lower yield environment drove the […]
Dangote Sugar Q2 2021 Review: Volume Growth Primed to Lift FY 2021 Performance
September 10, 2021/Proshare By FBNQuest Research 13% cut to our EPS forecasts over the 21-23f period DSR’s Q2’21 earnings surprised negatively. As such, we have lowered our EPS forecasts over the 21-23f period by 13%. However, our new price target of NGN18.7 is up 3% because we have rolled over […]
