January 29, 2018/NSE Please be informed that the Board of United Bank for Africa Plc at its meeting of Monday, January 29, 2018 approved its financial statements for the year ended December 31, 2017 and payment of dividend to Shareholders, subject to the approval of the Central Bank of Nigeria […]
Results & Dividends
UAC of Nigeria Q3 2017 Results Review – Waiting for Underlying Business to Recover
Culled—Proshare January 22, 2018/BNQuest Research Outperform rating maintained UAC of Nigeria’s (UACN) Q3 2017 earnings declined by -67% y/y to N602m but came in well ahead of our N358m estimate. The variance was primarily driven by a positive surprise on the other income line. This relates to income accrued from […]
PZ Cussons Nigeria: FX-related losses weigh on 2018 outlook
Culled—Proshare January 22, 2018/BNQuest Research 2018E EPS decline of -53% y/y driven by fx-related loss PZ Cussons Nigeria (PZ) posted H1 2018 (end-Nov) PBT of N869m vs –N425m in H1 2017; the result beat our estimate by 36%. As such, we have raised our EPS forecasts by around 5% over […]
