Culled—Proshare October 30, 2019 By CardinalStone Research Forte Oil Plc (FO: TP N22.01 ) released its 9M’19 earnings result earlier today, announcing EPS of N4.03/share during the nine month period (FY’19E: N4.88/share). 9M’19 performance was bolstered by gains from disposal of assets and interest proceeds from longstanding PMS subsidy receivables. […]
Results & Dividends
Access Bank 9M 2019 Results: Strong Results on Mergeri
October 30, 2019/Coronation Report Access Bank released unaudited 9M 2019 results yesterday. Net profits were up 44.2% y/y to N90.7bn (US$251.9m). Net interest income grew 71.0% y/y to N210.2bn (US$583.9m). Net fee and commission income was up 49.5% from the previous year. The cost to income ratio declined by 79.6bps […]
Access Bank Q3 2019 Results: Non-interest Income Provides Well Needed Boost
October 30, 2019/InvestmentOne Report · Net interest income of N55.1billion, down 44.0% q/q; up 71.0% y/y · Non-interest income of N50.6billion (against N0.4billion in Q2 19), down 2.6% y/y · Profit before tax of N29.0billion, down 0.1% q/q; up 46.7% y/y · Profit after tax of N27.7billion, up 26.7% q/q; […]
