Culled—Proshare September 8, 2017/Vetiva Research ·         FY’17 revenue beats estimates, up 15% y/y ·         Strong margin improvement cushions huge FX loss ·         FY’17 PAT up 73% y/y to ₦3.7 billion, above Consensus ₦2.8 billion Better than expected Q4 drives revenue beat PZ released FY’17 results (year ended 31 May) posting […]

Culled—Proshare September 7, 2017/FBNQuest Research Event:                       PZ Cussons Nigeria reports Q4 2017 (end-May) results Implications:        Positive reaction by the market likely Positives:                Q4 PBT and PAT grew by 144% y/y and 371% y/y to N2.5bn and N1.8bn respectively Negatives:               N2.7bn fx loss reported Late yesterday, PZ […]

September 7, 2017/Cowry Asset Zenith Bank Records Very Good Performance Relative to the industry, Zenith Bank Plc recorded a very good performance for H1 2017. Taking into consideration relevant ratios, we arrived at a ‘BB’ rating. Asides its performance, given an upside of 18.54% to its target price, we recommend a […]