Culled—Proshare November 4, 2020 by FBNQuest Research Material upward revisions to our 2020-21E EPS forecasts Fidelity Bank’s (Fidelity) Q3 2020 PBT declined on a y/y basis. However, it was the bank’s strongest quarterly performance year-to-date as PBT of N9.4bn came in c.57% higher than the average quarterly PBT run rate […]
Results & Dividends
Unilever Nigeria Q3 2020 Results Review: Higher OPEX, Borrowing Cost Depress Earnings
Culled—Proshare November 4, 2020 by FBNQuest Research -14% Cut to Price Target; Underperform Rating Maintained Unilever Nigeria’s (Unilever) Q3 2020 recovery from last year’s distribution crisis and Q2’s lockdown was eroded by a material increase in overheads and borrowing costs. Specifically, sales surged 94% y/y and 24% q/q, but […]
Ikeja Hotel Says N1.4 Billion Loss in Q3 2020 Due to COVID-19 to Affect Dividend Declaration
November 3, 2020/NSE Ikeja Hotel Plc has issued a Statement to its Shareholders on the unaudited group Accounts for the third quarter ended September 30, 2020. The statement stated that the Loss After Tax of N1.4 Billion recorded by the group in the Third Quarter Financial Statements was due to the continued effects […]
