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 […]
Results & Dividends
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% […]
FBN Holdings: Decline in NII and NIR drive poor performance in PAT and PBT in Q1 2018
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 […]
