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 […]

Culled—-Proshare July 31, 2017/Vetiva Research ·         Topline comes in 4% higher q/q ·         Operating margin contracts from 3.2% in Q1 to 0.6% in Q2 ·         Naira appreciation drives lower FX acquisition losses ·         TP revised to ₦24.79 (Previous: ₦25.92) Strong Q2 numbers lifted by deceleration in FX losses JBERGER reported […]