October 26, 2018/Cordros report Diamond Bank Plc released its Q3 2018/9M 2018 results earlier today. Diamond Bank Plc (NGN’billion) Highlights from Statement of Comprehensive Income 9M 2017 9M 2018 % Change y/y Gross Revenue 143.7 142.5 -0.8% Profit/(Loss) Before Tax 4.8 3.1 -35.5% Profit/(Loss) After […]
Results & Dividends
Diamond Bank Continues to Erode Investors Value, Reports 57.6% PAT Drop in Q3 2018
Uzoma Dozie, Chief Executive Officer Diamond Bank Plc October 26, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s lender, Diamond Bank Plc has continued to erode investors value, it announced on Friday its post-tax profit for the period ended September 30, 2018 plunged 57.6 percent to N1.65 billion from N3.90 billion recorded […]
ZENITHBANK: Valuation Outlook Gets Boost from Lower Cost of Funds, Despite Weak Income Lines
October 26, 2018/Cordros Report Update: We resume coverage of ZENITHBANK with a BUY rating, following the bank’s impressive Q3 performance. Our positive outlook for the group’s 2018FY earnings is hinged on (1) lower cost of funds and (2) lower impairment charges. On the flip side, declines across major revenue lines, […]
