May 1, 2018/Cordros Report FBN Holdings Plc released Q1-2018 result on Friday, showing an unimpressive top and bottom line performance y/y; even though improvement in opex (-10.07% q/q) and a reduction in impairment provisions (-52.05% q/q) buoyed growth in PBT and PAT on a q/q basis. Gross earnings dipped by […]

30/4/2018/Cordros Capital Update: GUINNESS reported 40% y/y increase in Q3-18 net profit (EPS: -4% y/y), coming off better-than-expected revenue growth, and relatively lower operating expenses and finance charges. Both masked a disappointing gross margin, which has now weakened for four quarters in a row. Compared to consensus, the reported net […]

By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Dual listed oil marketing major, Oando Plc late Friday posted an impressive result as it reported profit after tax (PAT) for the period ended December 31, 2017 grew 405 percent to N19.8 billion from N3.9 billion recorded a year ago. Gross profit increased 81 percent to […]