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, […]
Results & Dividends
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 […]
SEPLAT Q2 2020 Unaudited Results – Earnings Weighed by Weaker Oil Prices and Higher Costs
Culled—Proshare July 29, 2020 By CardinalStone Research Seplat Petroleum Development Company Plc (NGSE: SEPLAT) published its unaudited Q2’20 results and held an analysts’ call today. The company announced a $3.62 million loss in Q2’20 (vs $85 million profit in Q2’19), driven by a steep decline in revenue (-47.3% YoY) due to […]
