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 […]
Results & Dividends
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 […]
Guinness Nigeria Plc H1-20: Cost Inefficiencies Continue to Weigh on Earnings
January 31, 2020/Cordros Report Event: GUINNESS published Q2/H1-20 results yesterday, reporting a 3.3% decline in EPS in Q2, on the back of higher operating expenditure and finance costs. The achieved EPS missed our estimates for the quarter by 53.4% due to negative surprises on the OPEX and net finance cost […]
