Culled—Proshare October 31, 2017/FBNQuest Research Event: Okomu Oil reports Q3 2017 results Implications: Modest revisions to consensus estimates likely Positives: Limited to net finance cost improving from –N102m in Q3 2016 to a positive income of N65m Negatives: Weaker-than-expected topline and margins Late yesterday, Okomu Oil (Okomu) reported its Q3 […]
Results & Dividends
ZENITHBANK: Upward Revision to 2017F Estimates; PAT and PBT to Grow y/y by 28.39% and 30.36%
October 31, 2017/Cordros Research In its recently released Q3-17 results, ZENITHBANK reported 35.19% q/q and 8.89% y/y decline in gross earnings, following higher-than-expected contraction in interest income (-30.96% q/q and +4.54% y/y, 28.87% below our estimate) and a steep decline in non-interest revenue (42.07% q/q and 16.29% y/y, ahead of […]
CONOIL Post -25.4% Decline Q3’17 in Pretax Profit
By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc said on Monday its pretax profit for the period ended September 30, 2017 depreciated 25.4 percent to N2.02 billion from N2.71 billion posted the same period of last year. Post-tax profit for the period of the oil marketing firm, also declined 25..0 […]
