Culled—Proshare April 19, 2018/FBNQuest Research Material cuts to our 2018-19E EPS forecasts and price target Similar to Q3 2017, Lafarge Africa’s (Lafarge) Q4 2017 results surprised negatively due to an impairment loss of N20.4bn taken on fixed assets and one-off related costs of N10.4bn. On its Q4 conference call, management […]
Results & Dividends
GTBank Q1 2018: Fee and Trading Income Aids Q1 Earnings
Culled—-Proshare April 19, 2018/ARM Research Guaranty Trust Bank (GTB) first quarter result was quite impressive as strong growth in fee and trading income as well as lower provisioning saved the day for PBT which expanded 4.8% QoQ to N52.6 billion. Irrespective, higher payment to the taxman (+50% QoQ) dragged EPS […]
GTBank: Positive performance in Q1-2018, amid strong NIR growth and lower impairment charge
April 19, 2018/Cordros Report Update: Guaranty Trust Bank Plc released its Q1-2018 result yesterday, showing positive performance in the top and bottom lines. Compared to Q1 last year, Gross Earnings, PBT and PAT were 4.65% (-1.00% q/q), 4.43% (+4.81% q/q), and 7.70% (-0.49% q/q) higher than their restated values at […]
