August 2, 2018/InvestmentOne Report Q1 2019 results highlight: Lower Sales Volume Weighs on PBT Performance · Mixed top line: up 15.52% q/q, down 10.70% y/y. · Improving gross profit margin: up 191bps q/q; up 140bps y/y. · Mixed Opex to sales ratio: down 273bps q/q; up 148bps y/y. · Volatile Profit […]
Results & Dividends
SEPLAT Q2 2018 Results Review – Sales Up by 53% YoY to US$162m
Culled—Proshare August 2, 2018/FBNQuest Capital Event: Seplat Petroleum Development Company (Seplat) reports Q2 2018 results Implications: Seplat’s Q2 numbers continued the y/y improvement following the resumption of exports via third-party operated TransForcados System (TFS). While sales of US$162m grew 53% y/y, PBT of US$63m compares with a loss before […]
First Bank – Mixed Performances Amidst Impressive Top Line Growth
Culled—Proshare August 1, 2018/Vetiva Research Earnings beat estimates – PAT up 14% y/y Impressive E-biz income boosts Non-Interest Income line Loan loss provision revised lower to reflect H1’18 run rate Target Price raised to ₦13.53 (Previous: ₦12.84) Q2’18 recovers on stronger Non-Interest Income, PAT up 27% q/q FBNH released its […]
