March 1, 2021 By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-Food and beverage giant, Nestle Nigeria Plc said on Monday its profit for the year ended December 31, 2021 declined -14.17 percent to N39.21 billion from N45.68 billion recorded a year ago. Pretax profit of the company dropped -14.74 percent to N60.63 […]
Results & Dividends
MTN Nigeria Communications Plc FY-20: Earnings in Line With Expectation
March 1, 2021/Cordros Report MTN Nigeria Communications Plc (MTNN) released its Q4-20 audited results yesterday (February 28) with revised 2019 numbers. The group reported EPS of NGN3.00 (+0.9% y/y), bringing the 2020FY EPS to NGN10.08 (+0.9%). The achieved EPS is in line with our estimate (-0.4% variance) and consensus estimate […]
Zenith Bank Q4 2020 Results Review: Favourable Risk Reward Relative to Peers
February 26, 2021/Proshare by FBNQuest Research 8% increase to price target Zenith Bank’s (Zenith) Q4 ’20 results showed that revenues and PBT beat our forecasts soundly, mainly because of a positive surprise in non-interest income. Fx revaluations gains of NGN22.9 (vs -NGN1.9bn Q4 ’19) drove the variance in non-interest income, […]
