April 4, 2018/NSE This is to inform members of the Nigerian Stock Exchange (NSE), esteemed shareholders and other stakeholders that Diamond Bank Plc is unable to release its 2017 audited financial statements by March 31. 2018 as required by NSE rules. We have become aware that due to the stage […]
Results & Dividends
FCMB Group Reports Q4 2017 Results – Significant Spike in Loan Loss Provisions
Culled—Proshare April 4, 2018/FBNQuest Research Event: FCMB Group reports Q4 2017 results Implications: Likely upward revisions to consensus 2018 estimates and positive reaction from the market Positives: PBT grew by 123% y/y, driven by solid growth in non-interest and funding income Negatives: Significant spike in loan loss provisions This afternoon […]
Unilever Nigeria Plc: Impressive 2017FY and Q4-17 results; SELL rating reiterated
April 4, 2018/Cordros Report Update: UNILEVER ended an impressive 2017FY with a strong Q4 performance. The full year revenue (+30% y/y), EBITDA (+107% y/y), and net profit (+143%) of NGN90.77 billion, NGN17.28 billion, and NGN7.45 billion beat consensus NGN89.49 billion, NGN13.46 billion, and NGN5.7 billion respectively. The result is broadly consistent […]
