July 31, 2017/InvestmentOne Research Forte Oil released its Q2 2017 results earlier today. Please find key highlights below: ·         Revenue of N32.6bn; down -1.1% q/q; -33.1% y/y ·         Profit before tax of N2.7bn; up +31.2% q/q; down -9.2% y/y ·         Profit after tax of N2.2bn; up +18.1% q/q; +74.0% y/y […]

Culled—-Proshare July 31, 2017/Vetiva Research ·         Top line recovery sustained, Gross Earnings up 14% y/y ·         Loans, deposits moderate – weaker than estimates ·         Modest Q1 run rate maintained as PAT beats estimates ·         TP revised to N3.55 (Previous: N3.28) Performance in line as conservative tax ensures earnings beat DIAMONDBNK […]

Culled—Proshare July 31, 2017/ARM Sustaining the trend from the first quarter of the year, Lafarge recorded another strong topline growth in Q2 17 (+34% YoY to N74 billion) with its PAT of N14.6 billion (vs. N28 billion loss in Q2 16) exciting equity investors (company share price: +48% YTD at […]