November 6, 2020/InvestmentOne Report · Stable topline performance: up 1.4% q/q, 3.3% y/y. · Declining gross profit margin: down 60bps q/q; 280bps y/y. · Mixed Opex to sales ratio: up 110bps q/q; down 100bps y/y, to 18.6%. · Weakened PBT margin: down 170bps q/q and y/y. The earlier released Q3 […]
Results & Dividends
BUA Cement Plc Q3 2020 Results Boost in Top line and Cost Reduction Support Overall Performance
November 5, 2020/InvestmentOne Report · Turnover: up 16.91% q/q, 39.72% y/y. · Gross margin performance: down 186bps q/q, 240bps y/y. · OPEX/Sales ratio: down 157bps q/q, 169bps y/y. · PBT Margin: down 316bps q/q, up 4bps y/y. BUA Cement published its Q3 2020 results displaying a strong performance in its topline. Although […]
Fidelity Bank Q3 2020 Results Review: On Track to Deliver 16% ROAE in 2020E
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 […]
