Culled—Proshare March 26, 2018/Vetiva Research PAT outperforms estimate albeit underlying earnings remain weak Board declares FY’17 dividend of ₦0.25/share (FY’16: Nil) Cautious outlook on earnings amidst persistent operations downscaling FY’18 PAT estimate revised lower to ₦2.8 billion (Previous: ₦3.5 billion) TP relatively unchanged on improved cash position, lower risk-free rate […]
Results & Dividends
United Bank for Africa Plc – Resilience in the Face of Higher NPLs
Culled—Proshare March 26, 2018/ARM Research UBA’s FY 17 result disclosed EPS of N2.30 (+8% YoY) running slightly behind our estimate of N2.40 due to higher loan-loss provisioning and elevated bill from the taxman. Irrespective, earnings growth was supported by resilience in NIMs (+21bps YoY 5.8%) as well as strong trading […]
Newrest ASL Nigeria Offer Investors 18 kobo Final Dividend in 2017
March 26, 2018/NSE Newrest ASL Nigeria Plc hereby announce as follows: Proposed Dividend: A Final Dividend of 18 Kobo per 50 Kobo ordinary share, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business […]
