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 […]

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 […]

September 9, 2020/Cordros Report GUARANTY’s recently released audited H1-20 earnings which showed that the bank recorded a relatively weaker financial performance. While funded and non-funded income settled higher year-on-year, increased regulatory charges as well as VAT-induced cost increases resulted in the bank recording relatively weaker earnings. In our view, the […]