Culled—Proshare May 1, 2018/FBNQuest Research Event: Fidelity Bank reports Q1 2018 results Implications: Downward revisions to consensus 2018E PBT forecast expected Positives: PAT up 28% y/y driven by a lower effective tax rate of 7.1% (vs. 11.0% in Q1 2017). Negatives: Pre-provision profits declined by 21% q/q due to q/q […]
Results & Dividends
Fidelity Bank Says Q1 2018 Pretax Profit up 2.7% to N4.98 Billion
May 1, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Lender Fidelity Bank Plc said on Tuesday its pretax profit for the first quarter (Q1) ended March8 31, 2017 increased 2.7 percent to N4.98 billion from N4.84 billion posted a year ago. Post-tax profit of the Bank rose 7.2 percent to N4.62 billion from […]
FCMB Group Plc Q1 2018 – Earnings Track Estimates, PAT Up 64% YoY
Culled—Proshare May 1, 2018/Vetiva Research • Top and bottom lines track estimates, PAT up 64% y/y • IFRS 9 implementation results in ₦15 billion one-time equity charge • TP revised marginally higher to ₦4.66 Low Q1’17 base flatters earnings growth, up 64% y/y FCMB released its Q1’18 earnings, with top line and bottom […]
