November 1, 2019/InvestmentOne Report Q3 2019 result highlight: § Turnover Performance: down 6.82% q/q, up 4.54% y/y. § Gross margin performance: down 450bps q/q, down 126bps y/y. § OPEX/Sales ratio: up 291bps q/q, up 210bps y/y. § PBT Margin Performance: down to 19.90%, from 33.24% and 30.48% in Q2 2019 […]
Results & Dividends
Fidelity Bank Plc Q3 2019 Results: Impressive Performance Y/Y, Less Inspiring Performance Q/Q
November 1, 2019/InvestmentOne Report · Non-interest income of N6.7billion, down 11.0% q/q, up 22.6% y/y · Profit before tax of N7.9billion, down 5.1% q/q; up 12.8% y/y · Profit after tax of N7.1billion, down 8.6% q/q; up 12.8 y/y Fidelity bank published its 9M 2019 results earlier this week, posting […]
Dangote Cement Plc 9M-19: Energy Cost Pressure Resurfaces, Dampens EPS Growth
October 31, 2019/Cordros Report Event: DANGCEM recently published 9M-19 results, reporting a steep decline in EPS of 21.2% y/y to NGN2.09 in Q319, driven by renewed cost pressures, EBITDA margin deterioration, and higher finance charges. The reported EPS in Q3-19 wiped off the lower tax-induced expansion in the prior quarter. […]
