October 23, 2018/Cordros Report ACCESS released its 9M-18 account late yesterday, showing 37% y/y and 33% q/q growth in EPS to NGN0.80 in Q3-18. In the 9-months period, PAT was up 12% y/y, at NGN62.91 billion. Mixed performance across income lines: Gross earnings grew 3%, supported by a surge in […]

October 23, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Guaranty Trust Bank Plc (GTBank) said its pretax  profit for the third quarter (Q3) period ended September 30, 2018 climbed up 9.5 percent to N164.2 billion from N150.0 billion recorded a year ago. Similarly, post-profit increased 13.3 percent to N142.2 […]

October 23, 2018/Cordros Update DANGOTE CEMENT DANGCEM published 9M 2018 results yesterday. The group has grown EBITDA by 15% and PAT by 3% in nine months. Earnings growth by the end of 2018 will be much stronger, (1) adjusting for the one-off 84% effective tax charge in Q4 17 and […]