Culled—-Proshare February 7, 2020 By FBNQuest Research -16% average cut to 2020-22E EPS Guinness Nigeria’s (Guinness) overall volumes picked up in Q2 2020 (end-Dec), with net sales up 4% y/y to N41.4bn and 5% ahead of our forecast. This was boosted by strong double-digit growth in the premium stout and […]
Results & Dividends
FCMB Says Unaudited 2019 Profit up 18.4% to N17.72 Billion
February 3, 2020 By InvestAdvocate Lagos (INVESTADVOCATE)-FCMB Group Plc said on Monday its unaudited profit after tax (PAT) for the period ended December 31, 2019 rose 18.4 percent to N17.72 billion from N14.97 billion recorded a year ago. Profit before tax (PBT) also grew 8.5 percent to N20 billion from […]
FCMB Group Plc – Decent FY 2019 Performance
Culled—Proshare February 3, 2020 By ARM Research FCMB Group Plc reported EPS growth of 8.5% YoY to N0.89/share, coming above our estimate of N0.60/share. The deviation stemmed from lower loan-loss provision booked and higher than expected loan growth. To buttress, as at 9M 2019, loan growth was at 0.8%. Going […]
