May 10, 2021/Proshare by FBNQuest Research Further price increases expected over the ’21f period We have upgraded our NB forecasts due to its better-than-expected results in Q1 ’21 and our confidence that it will maintain the impressive momentum over the coming quarters. As a result, we have increased our EPS […]
Results & Dividends
Total Nigeria Q4 2020 and Q1 2021 Results Review: Recovery on Track from Last Year’s COVID
May 10, 2021/Proshare by FBNQuest Research Upgrading to Outperform from Neutral Total’s Q1 ’21 results provide a solid perspective for the rest of this year. Total posted earnings of NGN3.0bn (up +90% q/q) which compare with losses after tax of -N163m in Q1 ’20. Cheaper financing and a -12% y/y […]
FBN Holdings Plc Q1 2021: Poor Start to the year
May 10, 2021/InvestmentOne Report · Net interest income of N83.17billion, up 11.63%q/q , 2.05%y/y · Non-interest income of N51.20billion, down 34.57%q/q, up 9.78%y/y. · Profit before tax of N61.02billion, down 22.34%q/q, up 3.80% y/y. · Profit after tax of N53.06billion, down 25.53%y/y, up 5.02%y/y. . Lower NII and Jump […]
