September 10, 2020/United Capital Report Earlier, Zenith Bank Plc (“ZENITH”) released its H1-2020 audited results, which showed a 4.4%y/y growth in Gross Earnings (GE) to N346.1bn. Also, PBT and PAT rose 2.2% and 16.5% to N114.2bn and N103.8bn while Loans as well as Deposits expanded by over 15.0% apiece to N3.5tn […]
Results & Dividends
Investment Recommendation – Buying Lafarge’s Recovery Story as Profit Jumps by 158.96%
September 9, 2020/Cowry Asset Report Lafarge Africa Plc recorded strong operating performance in H1 2020 as its Profit After Tax (PAT) rose by 158.96% to N23.33 billion due to significant declines in finance costs and administrative expenses. Lafarge Africa’s impressive performance was despite the COVID-19 pandemic which nearly shut-down economic […]
Fidelity Bank Q2 2020 Results Review: More Subdued Earnings Outlook for H2
Culled—Proshare September 9, 2020 by FBNQuest Research 2021 EPS forecast and new price target unchanged Although Fidelity Bank’s Q2 2020 PBT growth was stellar, management alluded to a more subdued earnings outlook for H2. The outlook is on the back of lower NIM expectation following i) higher reinvestment risk for […]
