September 3, 2020/United Capital Report According to the latest financial result by Guinness Nigeria Plc (GUINNESS) for FY-2019/20 that ended in June-2020, Revenue sharply declined by 20.6% y/y to N104.4bn as tighter credit terms as well as restrictions in movement and social gatherings in Q2-2020 (April-June) worsened the company’s ability […]
Results & Dividends
GTBank Reports PBT of ₦109.7Billion in H1 2020, Offers 30Kobo Interim Dividend
September 2, 2020/jspcommunications Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2020 to the Nigerian and London Stock Exchanges. The half year result reflects GTBank’s leading position as one of the best managed financial institutions in Africa. The Bank’s loan book […]
SEPLAT Q1 2020 and Q2 2020 Results Review: Weak Oil Prices Weigh on 2020E Outlook
Culled—-Proshare September 2, 2020 by FBNQuest Research Outperform rating maintained We forecast group sales of US$538.6m for 2020E for Seplat, implying a y/y decline of over -20%. Our estimate is driven by both lower oil and gas revenues of US$432.1m (-13% y/y) and US$106.5m (-48% y/y) respectively. We expect an […]
