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 […]
Results & Dividends
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 […]
Union Bank Says Q3’17 Post-tax Profit Drops -4.63% on Closure of Rights Issue
By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Union Bank of Nigeria Plc (UBN) on Monday said its post-tax profit for the period ended September 30, 2017 declined 4.63 percent to N12.4 billion from N14.0 billion posted a year ago. Pretax profit of the lender, also dropped 2.09 percent to N12.9 billion from […]
