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 […]

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; […]

October 30, 2019/Cordros Report Event: NESTLE recently published 9M-19 results, which showed that the company’s EPS declined by 9.1% y/y in Q3, driven by increased cost of sales, gross margin contraction, higher OPEX and a higher effective tax rate. The achieved EPS missed our estimates for the three months period […]