Culled—Proshare October 30, 2017/ FBNQuest Research Event: Diamond Bank reports Q3 2017 results Implications: Downward revisions to consensus PBT forecasts and negative reaction from the market likely Positives: Limited to OCI gains Negatives: The bank reported pre-tax and after-tax losses of -N4.1bn and -N2.3bn respectively Diamond Bank’s (Diamond) Q3 2017 […]
Results & Dividends
Nestle Nigeria Reports Q3 2017 Results – Net FX Loss of –N6.0bn Offset Strong Underlying Profits
Culled—Proshare October 30, 2017/FBNQuest Research Event: Nestle Nigeria reports Q3 2017 results Implications: Neutral reaction expected by the market Positives: Q3 sales and PBT up 29% y/y and 117% y/y to N63.3bn and N10.0bn respectively; PAT of N6.4bn compare with a loss after tax of –N51m a year ago Negatives: Net […]
Dangote Sugar: Q3-17 PAT; Strong Performance Delivery
October 27, 2017/Cordros Research DANGSUGAR released Q3-17 result yesterday, showing revenue declined 1% y/y while EBITDA (226% y/y) and PAT (244% y/y) grew strongly. Continued stronger gross margin and tamed opex, primarily, in addition to higher investment income, was the lever for earnings growth. Annualized, the revenue and PAT reported […]
