Culled—Proshare April 27, 2018/FBNQuest Research Event: FCMB Group reports Q1 2018 results Implications: Limited revisions to consensus 2018 PBT forecast. Positives: PBT grew by 64% y/y, driven by strong double-digit growth in funding income Negatives: Pre-provision profits declined by 24% q/q driven by q/q reduction in both revenue lines. This […]
Results & Dividends
Gemalto Says Q1 2018 Revenue up +8.0% to €650 million
By InvestAdvocate Lagos (INVESTADVOCATE)-Gemalto, the world leader in digital security on Friday said its revenue for the first quarter (Q1) 2018 appreciated 8.0 percent to €650 million at constant exchange rate compared to €651 million posted in the Q1 of 2017, according to an emailed statement from AETOSWire. The world’s digital security […]
Cadbury Nigeria In-line Q1-2018 performance-SELL reiterated
April 27, 2017/Cordros Report Update: CADBURY published Q1-18 result yesterday, showing EBIT was higher by 76.2% while PBT was lower by 67.2%, both compared to Q1-17. We are not surprised by the lower PBT, which we had expected will be impacted by higher finance charges (+233% y/y), given the sizeable […]
