Results & Dividends

Sterling Bank Plc: Impressive full year performance supported by growth in NIR

April 16, 2018/Cordros Capital Sterling Bank Plc released its FY-2017 results, which showed growth across major line items, save for the Net interest income which recorded a decline in the full year. Gross earnings grew by 19.79% to NGN133.49 billion, while PBT and PAT increased by 43.47% and 65.12% to […]

Stanbic IBTC Holdings Q4 2017 Results Review -Strong Balance Sheet Growth to Support Future Earnings

Culled—Proshare April 16, 2018/Vetiva Research  • Earnings in line with estimates, EPS up 69% y/y • FY’17 DPS of N1.10 (cumulative) vs. Vetiva estimate of ₦1.04 • Impressive loan and deposit growth, up 5% and 34% y/y respective/y • TP revised upward to #39.84, SELL rating maintained Top and bottom line beat estimates, significantly […]

Forte Oil Says 2018 Q1 Pretax Profit up 54.4% to N3.16 Billion

April 16, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketer, Forte Oil Plc on Monday said its pretax profit for the period first quarter (Q1) ended March 31, 2018 grew 54.4 percent to N3.16 billion from N2.05 billion posted a year ago Profit for the period of the company also increased 57.3 […]