Results & Dividends

Unilever Nigeria Q1 2019: Gross Margin Sinks to Record Low on Persisting Sales Pressure

April 23, 2019/Cordros Report Event: UNILEVER published Q1-19 results after close of market on Thursday, showing declines across key lines: revenue (-20.8% y/y), EBIT (-60.4% y/y), and net profit (-20.8% y/y). Q1-19 revenue was lower by 20.8% y/y and 6.6% q/q, clearly indicative of lower volume outturn during the period. […]

GTBank Q1 2019 Report: Satisfactory Start to a Challenging Year

April 18, 2019/InvestmentOne report  Net interest income of N58.2billion, up 12.4% q/q; down 2.5% y/y Non-interest income of N35.3billion, up 23.3% q/q, up 28.5% y/y Profit before tax of N57.0billion, up 9.6% q/q; up 8.3% y/y Profit after tax of N49.3billion, up 14.5% q/q; up 10.4 y/y  GT Bank released […]

Zenith Bank Plc Q1 2019 Initial Impression: Decent Performance

April 18, 2019/InvestmentOne Report Net interest income of N86.1billion, up 28.4% q/q; down 10.2% y/y Non-interest income of N32.7billion, down 26.5% q/q, up 22.9% y/y Profit before tax of N57.3billion, down 11.0% q/q; up 6.1% y/y Profit after tax of N50.2billion, up 2.0% q/q; up 6.7 y/y  Zenith bank released […]