Culled—Proshare 30/4/2018/FBNQuest Research Event: Fidelity Bank reports Q4 2017 results Implications: Likely upward revisions to consensus earnings forecasts Positives: PBT up 232% y/y driven by strong growth in funding income Negatives: Loan loss provisions spiked by 462% y/y This afternoon the NSE published Fidelity Bank’s (Fidelity) Q4 2017 results which […]
Results & Dividends
Fidelity Bank Says 2017 Pretax Profit up 83.5% to N20.30 Billion, Offers 11 Kobo Dividend
By InvestAdvocate Lagos (INVESTADVOCATE)-Fidelity Bank Plc on Monday said its pretax profit for the period ended December 31, 2017 grew 83.5 percent to N20.30 billion from N11.06 billion recorded a year ago. Post tax profit of the bank increased 93.7 percent to N18.85 billion from N9.73 billion posted in the […]
DANGSUGAR Q1-18 performance supports our view on “strong test” in 2018; SELL
30/4/2018/Cordros Report Update: DANGSUGAR published Q1-18 result last Friday, showing EPS grew 12% y/y but declined 59% q/q. The EPS growth came on the back of a higher gross margin compared to last year’s one-off low, masking a disappointing revenue performance. Should we adjust Q1-17 gross margin to Q1-18’s 25% […]
