Culled—Proshare March 9, 2020 By CardinalStone Research Access Bank Plc (ACCESS: TP 11.17 – HOLD) reported a modest 2.7% YoY growth in earnings in its audited FY’19 result that was supported by stronger net interest income (+59.7% YoY). On a quarterly basis, earnings (-75.7% QoQ) was dragged lower by a […]
Results & Dividends
Access Bank Says Post-Tax Profit Up 2.7% in 2019FYE, Offer Investors 0.40 Kobo Dividend
March 6, 2020 By Paschal Ijeh InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one (1) lender, Access Bank Plc said on Friday its post-tax profit for the period ended December 31, 2019 inched up 2.7 percent to N97.51 billion from N94.98 billion recorded a year ago. In the same vein, pretax profit increased […]
Dangote Cement Q4 2019 Results Review: Downgrading to Neutral Post Q4 2019 Results
Culled—Proshare March 6, 2020 By FBNQuest Research 5-7% cut to our 2020-21E EPS forecasts and price target Dangote Cement’s (DangCem) Q4 2019 PBT came in -9% behind our forecast due to negative surprises in sales and gross margin. As such, we have cut our 2020-21E earnings forecasts by c.5% on […]
