Culled—Proshare April 20, 2018/FBNQuest Research Price target up 9% to N290.0 Total Nigeria (Total) Q4 2017 earnings of N2.1bn declined by -35% y/y. The decline was unsurprising given the strength of the 2016 results, which were skewed by favourable government policies due to fx supply constraints. Notwithstanding, Q4 earnings beat […]
Results & Dividends
Zenith Bank Q1 2018: Crash in Loan Impairment Charges Supports PBT as Loan Book Contracts
April 19, 2018/InvestmentOne Report NIGERIA | EQUITIES | BANKING | ZENITH BANK PLC Impressive net interest income of N95.9billion, up 69.7% q/q; 35.8% y/y Profit before tax of N54.0billion, up 6.1% q/q; 22.2% y/y Mixed profit after tax of N47.1billion, down 3.3% q/q; up 25.5% y/y Zenith bank released its […]
Zenith Bank Plc Reports Q1 2018 Results – The Bank is On Track To Meeting Its FY Target of N210bn
Culled—Proshare April 19, 2018/FBNQuest Research Event: Zenith Bank reports Q1 2018 results Implications: Muted reaction from the market likely; we believe the bank is on track to meet its FY2018 PBT guid. of N210bn Positives: Double-digit PBT and PAT y/y growth Negatives: Limited This afternoon, Zenith Bank (Zenith) published its Q1 […]
