April 1, 2019/Cordros Report Event: CCNN published its 2018FY results after last Friday’s trading session, showing the enlarged post-merger financial positions, following the completion of its merger with Kalambaina cement. The audited statements of the combined companies showed improvement across key lines, with revenue, PBT, and PAT expanding, on a year-on-year […]
Results & Dividends
Okomu Oil 2018FYE: Subdued Commodity Prices and Energy Bottleneck Dragged Earnings
April 1, 2019/Cordros Report Event: OKOMUOIL published 2018FY results, wherein revenue came in largely flat from a year ago. However, PBT and PAT declined by 7.2% y/y and 7.1% y/y to NGN10.34 billion and NGN8.50 billion, respectively. Despite the disappointing performance, the board proposed a final dividend of NGN3.00/s (2017FY: NGN2.50/s), […]
Fidelity Bank FYE 2018: Improved Performance on the Back of Lower Impairment Charges
Net interest income of N54.9billion, up 38.7% q/q; down 0.7% y/y Non-interest income of N14.9billion, down 50.8% q/q, down 56.6% y/y Profit before tax of N27.6billion, up 31.9% q/q; up 6.8% y/y Profit after tax of N16.9billion, down 5.6% q/q; up 1.7 y/y April 1, 2019/InvestmentOne Report Fidelity Bank […]
