Culled—Proshare October 19, 2017/FBNQuest Research Event: Zenith Bank reports Q3 2017 results Implications: Mixed/delayed positive reaction by the market likely Positives: PBT up 26% q/q, beat our forecast by 32% Negatives: Weaker-than-expected funding income Zenith Bank’s Q3 2017 results which have just been published show low single […]
Results & Dividends
ZENITHBANK Q3’17: Decline in Opex Supported 42.57% q/q Growth in PAT, Despite Lower Funding Income and Non-Interest Revenue.
October 19, 2017/Cordros Research Click here to download full PDF copy of report Zenith Bank Plc (ZENITHBANK) published Q3-2017 result this afternoon, reporting declines across most line items – gross earnings declined 35.19% q/q and 8.89% y/y – following higher than expected contraction in interest income (-30.96% q/q and +4.54% […]
Dangote Cement Q3 2017 PAT; Below Expectation, But Strong
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 […]
