Culled—Proshare July 31, 2020 By CardinalStone Research FBN Holdings Plc (FBNH: TP – N7.47: BUY) result highlights: H1’20 earnings surged by 56.3% YoY, supported by a 46.8% jump in non-interest income and a N13.8 billion gain in discontinued operations that was mostly influenced by the sale of the firm’s 65.0% […]
Results & Dividends
International Breweries Q2 2020 Results Review: Underperform Rating Maintained Despite Upside
Culled—Proshare July 29, 2020 By FBNQuest Research Modest increases to earnings forecasts and target price International Breweries’ (IB) Q2 2020 results suggest that volumes declined by double-digits y/y, largely because of the lockdown during the quarter. This marks the biggest volume loss since the company’s merger in 2017. That said, […]
Ecobank Transnational Incorporated H1’20 Unaudited Results – Loan Losses Drag Earnings
Culled—Proshare July 29, 2020 By CardinalStone Research Ecobank Transnational Incorporated (ETI: TP – N5.72: BUY) result highlights: Earnings fell 8.0% dragged by higher net impairments (+29.4% QoQ) and weaker non-interest income (-13.3% QoQ) Credit-related impairments rose 28.6% QoQ to $74.5 million, reflecting the impact of the pandemic on credit quality. To […]
