Culled—Proshare April 18, 2018/ Cardinalstone Research SEPLAT released its FY’17 results reporting a 77.9% YoY rise in revenue to $452.2 million which reflects the positive impact of the lift of the force majeure on the Forcados’ terminal. Consequently, the firm made an after-tax profit of $265 million in FY’17, signifying […]
Results & Dividends
GTBank Reports Q1 2018 Results – Funding Income Declined by 10% YoY
Culled—Proshare April 18, 2018/FBNQuest Research Event: GT Bank reports Q1 2018 results Implications: Slight upward revisions to consensus PBT forecasts likely Positives: PBT and PAT grew by 4% y/y and 8% y/y, thanks to a 52% y/y reduction in loan loss provisions and a 41% y/y growth in non-interest income […]
UACN Plc FY’17 – Dismal FY’17 Earnings, Strategic Review on Course
Culled—Proshare 17/4/2018/Vetiva Research • Revenue up 8% y/y, supported by Food and Paints segments • High production, operation and finance costs derail margins • FY’17 PAT clocks in 59% weaker than Vetiva estimate • Board announces FY’17 dividend/share of ₦0.65 (FY’16: ₦1.00) FY’17 PAT moderates 79% y/y as cost pressures bite Despite an 8% […]
