October 23, 2017/Cordros Research LAFARGE released Q3-17 result late on Friday, showing revenue growth of 28.2% y/y, and a loss after tax of N18.8 billion which almost erased the N19.73 billion profit reported as at H1. The revenue of N68.8 billion was well above our N53.3 billion estimate (and consensus […]

October 23, 2017/Transcorp Group Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost investment conglomerate has announced financial results for its third quarter ended September 30, 2017. The Group Profit after Tax (PAT) for Q3 2017 improved by 158% Year on Year (YoY) to N8.2bn. The conglomerates income statement revealed a […]

October 20, 2017/InvestmentOne Research NIGERIA | EQUITIES | BANKING | ZENITH BANK PLC  Q3 2017 results highlight: Slide in loan impairment charges supports PBT amidst weaker earnings  ·         Net interest income of N62.53bn, down  -8.5% q/q; -0.4% y/y   ·         Profit before tax of N60.37bn, up +25.8% q/q; down -10.4% […]