March 6, 2019 By Pascal Ijeh InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier dual listed lender, Guaranty Trust Bank Plc on Wednesday said its profit for the period ended December 31, 2018 increased 10.0 percent to N184.64 billion from N167.91 billion recorded a year earlier. Pretax profit of the bank also appreciated […]
Results & Dividends
SEPLAT Says Profit Drops -44.7% to N44.86 Billion in 2018 FYE, Offers $0.05 Dividend
March 6, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)- First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Wednesday said its profit for the year ended December 31, 2018 declined -44.7 percent to N44.86 billion from N81.11 billion recorded a year ago. Seplat reported a pretax […]
Nigerian Breweries Plc: Downtrend in Earnings to Persist in the Medium Term; SELL
March 6, 2019/Cordros Report Update: We update on NB following 2018FY investors/analysts call. We expect net earnings to decline further in 2019E on intense competition (INTBREW; GUINNESS), a further increase in excise duty, and still-weak consumer demand environment. We forecast c.3.6% net revenue decline, flattish gross margin, and 15.2% EBITDA […]
