October 19, 2017/Cordros Research Click here to download full PDF copy of report DANGCEM just released Q3-17 result, showing revenue (27.4% y/y), EBITDA (95.1% y/y), and PAT (63.1% y/y) all grew strongly at the Group level. Revenue was below our estimate by 6% while EBITDA (on lower other incomes) and […]
Results & Dividends
GTB Plc – Market Leading Earnings, PAT Beats Estimate
Culled—Proshare October 19, 2017/Vetiva Research · Earnings beat despite weaker top line · Contained loan loss provision – 44% better than our estimate · Cautious credit stance, loan portfolio declines 10% Earnings beat despite y/y moderation in top line GUARANTY continues to post strong earnings performance with PAT coming in […]
GTBank Plc Q3 2017 Report: EPS Rose 7.25% y/y in 9M-17, Despite 59.21% Decline in NIR
October 18, 2017/Cordros Research This afternoon, Guaranty Trust Bank Plc (GUARANTY) published Q3-2017 result wherein gross earnings declined by 19.85%y/y and 12.03% q/q (missed our estimate by 24.27%), with PBT (-1.06% y/y and -3.51% q/q) and PAT (-1.34% y/y and -72 bps q/q) consequently coming in lower (missed our estimates […]
