January 31, 2020/InvestmentOne Report ·         Dismal  topline performance: up 1.79% q/q, down 55.66% y/y ·         Negative gross profit margin: down to -32.44% from -19.09% and 26.07% on a q/q and y/y basis respectively. ·         Surge in Opex/sales ratio at 68.45%: up from 31.39% and 21.01% on a q/q and y/y […]

January 30, 2020/Coronation Research Stanbic IBTC released its FY 2019 unaudited results yesterday, Results were generally flat-to-negative year-on-year (y/y). Net profits were up 0.8% y/y (average 2019 inflation: 11.32%), with growth largely driven by trading income. The RoAE fell from 35.7% to 27.7%. An interim dividend of N1.00/s was paid […]

Culled—-Proshare January 29, 2020 CardinalStone Research Total Nigeria Plc (TOTAL) released a FY’19 unaudited result that revealed a 69.6% YoY plunge in profit after tax to N2.4 billion despite a one-off asset disposal gain of N2.8 billion. Ex the disposal gain, TOTAL would have reported a c. N341.4 million loss […]