October 18, 2017/InvestmentOne Research GTB released its Q3 2017 results earlier today. Please find key highlights of the Q3 2017 results below: · Net interest income of N60.0bn, down -5.3% q/q; +11.9% y/y · Profit before tax of N48.9bn, down -3.5% q/q; -11.3% y/y · Profit after tax of N41.9bn, […]
Results & Dividends
UBA Plc – Mixed Q3 Results; Retaining Neutral Rating
Culled—Proshare October 18, 2017/FBNQuest Research 6% Cut to Our Earnings Estimates and Price Target UBA’s Q3 2017 PBT came in weaker than expected, mainly because of a negative surprise in opex (c. 11% higher than our forecast). To a lesser extent, subdued funding income (c. 5% lower than our estimate) […]
UBA Plc – Weighed By Expensive Funding
Culled—Proshare October 17, 2017/ARM Research As market watchers say, late Friday is the best time to release bad earnings while early Monday is the perfect timing for an impressive result. With this in mind, UBA’s early release on Monday was initially greeted with optimism, with a more critical assessment of […]
