Culled—Proshare 29/8/2017/ ARM Research The stone the builders rejected… Prior to the FX-induced equity rally in Nigeria, the food sub-sector bore the brunt of a challenging macro-economic environment as investors priced in effects of constrained consumer income, naira depreciation and high interest rate on the performance of food producers. The […]
Results & Dividends
United Bank for Africa Plc: Upward Revision to 2017F Estimates
August 29, 2017/Cordros Research In its recently released H1-17 results, UBA recorded a significant growth in gross earnings (+34.51% y/y), driven by impressive growth across income lines – interest income (+44.25%) and non-interest revenue (+16.01%). Over H2, we believe the improved yields on interest earning assets (expanded 205 bps to […]
Stanbic IBTC Announces Delay in Release of H1’17 Result
28/8/2017/NSE This is to inform The Nigerian Stock Exchange as well as our Esteemed Stakeholders that we are experiencing a slight delay in the release of the 2017 Half Year Audited Financial Statements for Stanbic IBTC Holdings PLC (“Stanbic IBTC”). This delay is occasioned by the fact that we are […]
