April 25, 2019/Cordros Report Event: GUINNESS published Q3-19 results today, reporting 43.5% y/y decline in EPS, on the back of lower revenue, as well as higher operating expenditure and finance costs. Compared to consensus, the reported EPS missed estimates by 11%, but beat our estimate by 31% due to positive […]

April 25, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-Lender Fidelity Bank Plc said on Thursday its pretax profit for the first quarter (Q1) ended March  31, 2019 increased 34 percent to N6.67 billion from N4.98 billion posted a year ago. Post-tax profit  of the bank rose 28.4 percent to N5.93 billion from […]

April 25, 2019/Cordros Report Event: NB published Q1-19 results after close of market yesterday, with EPS decline of 21.3% y/y, despite growing revenue. EPS was impacted by gross margin decline, as well as higher operating expenditure and net finance costs. Noteworthy, however, both the achieved revenue and earnings slightly beat […]