March 26, 2021/InvestmentOne Report ·         Turnover Performance: down by 4.16% q/q, up by 28.73% y/y. ·         Gross margin performance: down by 370bps q/q and 169bps y/y. ·         OPEX/Sales ratio: up by 46bps q/q, down 565bps y/y. ·         PBT Margin Performance: jumped to 37.16% from 24.92% in Q4 2019 but down from 38.34% […]

March 26, 2021/United Capital Report Staying resilient in a turbulent year Earlier, Guaranty Trust Bank (“GUARANTY” or “The Bank”) released its FY-2020 results, showing a 4.6% y/y increase in Gross Earnings (GE) to N455.2bn, amid pressure on interest and non-interest income due to the extreme regulatory environment and weak economic activities occasioned by […]

March 24, 2021/Cordros Report Event: WAPCO published FY-2020 audited financials earlier this morning. The result showed that Profit After Tax grew 98.8% y/y to NGN30.84 billion while EPS settled at NGN1.91/share, up 98.8% y/y after adjusting for gains from discontinued operations (NGN99.58 billion) in FY-2019. On the EPS of NGN1.91, […]