Culled—Proshare 2/8/2017/Vetiva Research · Topline up 31% y/y, 4% ahead of estimates · EBIT margin remains healthy amidst decline in operating expenses · Revenue to be further supported by pricing · Tax rate adjusted lower to reflect H1’17 run rate · Target price unchanged at N7.88 Bottom line lifted by […]
Results & Dividends
Presco Plc Q2 2017 Results: Key Highlights
August 2, 2017/InvestmentOne Research Presco released its Q2 2017 results earlier today. Please find key highlights of the Q2 2017 results below: · Revenue of N5.7bn, down -21.2% q/q; up +30.4% y/y · Profit before tax of N2.6bn, down -49.1% q/q; up +10.1% y/y · Profit after tax of N1.7bn, […]
FCMB Group – Retaining Neutral recommendation post Q2
Culled—Proshare August 2, 2017/FBNQuest Research Rolling over to 2018 Following FCMB’s Q2 2017 results, we have increased our EPS estimates over the 2017-18E period by an average of 12%. This is because we have chosen to limit the impact of the weaker-than-expected non-interest income result in Q2 that we carry […]
