Culled—Proshare August 16, 2017/FBNQuest Research Modest upward revisions to our estimates and price target  Okomu Oil’s (Okomu) Q2 2017 results came in stronger than we expected mainly because of a positive surprise on the gross margin line. Consequently, we have increased our earnings estimate over the 2017-18E period by 10% […]

Culled—Proshare August 16, 2017/ARM Research Yesterday, Guaranty Trust Bank Plc. (GTB) released audited H1 2017 results, wherein earnings came in stronger at N83.7billion (YoY: 17% YoY) with EPS of N2.84. In addition, the bank raised interim dividend payout to 30kobo relative to trend pay-out of 25kobo which translates to a […]

August 16, 2017/InvestmentOne Research Please find key highlights of the Q2 2017 results below: ·         Net interest income of N63.4bn, down -4.1% q/q; up +65.5% y/y ·         Profit before tax of N50.7bn, up +0.6% q/q; down -16.5% y/y ·         Profit after tax of N42.2bn, up +1.7% q/q; down -18.6% y/y […]