May 4, 2020/InvestmentOne Report ·        Unimpressive topline performance: down 0.1% y/y, 4.7% q/q. ·        Mixed gross profit margin at 41.9%: down 20bps y/y, up 170bps q/q. ·        Rise in opex/sales ratio: up 360bps y/y, 10bps q/q. ·        Mixed PBT Margin at 9.9%: down 380bps y/y, up 290bps q/q. Nigerian Breweries […]

May 4, 2020/InvestmentmentOne Report Top line Performance: down 31.91% q/q, 13.35% y/y. ·         Gross profit margin: down to 25.37%, from 64.61% in Q4 2019 and 51.05% in Q1 2019. ·         OPEX/sales ratio: up to 121.30%, from 12.79% in Q4 2019 and 20.39% in Q1 2019. ·         PBT margin performance: down […]

April 30, 2020/Cordros Report Yesterday, ZENITHBANK released its unaudited Q1-20 financials, showing that the bank recorded moderate growth in earnings, relative to the corresponding period of the prior year. Gross earnings grew year-on-year, supported by non-interest income, as interest income declined despite growth in income from loans and advances. The […]