Culled—Proshare September 7, 2017/FBNQuest Research Event:                       PZ Cussons Nigeria reports Q4 2017 (end-May) results Implications:        Positive reaction by the market likely Positives:                Q4 PBT and PAT grew by 144% y/y and 371% y/y to N2.5bn and N1.8bn respectively Negatives:               N2.7bn fx loss reported Late yesterday, PZ […]

September 7, 2017/Cowry Asset Zenith Bank Records Very Good Performance Relative to the industry, Zenith Bank Plc recorded a very good performance for H1 2017. Taking into consideration relevant ratios, we arrived at a ‘BB’ rating. Asides its performance, given an upside of 18.54% to its target price, we recommend a […]

September 7, 2017/Cordros Research Click here to download full PDF copy of Report PZ released 2017FY and Q4-17 results late yesterday. For the 2017FY, revenue grew by 14.5% while PAT increased by 78.4%. The revenue N79.6 billion slightly beat our N79.1 billion estimate while the PAT of N3.3 billion is […]