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 […]
Results & Dividends
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. […]
Forte Oil Plc 9M’19 – Disposal Gain Continues To Mask Weak Operating Performance
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. […]
