July 28, 2017/InvestmentOne Research Nestle Nigeria Plc released its Q2 2017 today. Please find key highlights below: · Revenue of N60.78bn: down -0.6% q/q; up+37.1% y/y · Profit before tax of N10.18bn: down -28.7% q/q; up c.+230.0% y/y on lower base effect · Profit after tax of N8.19bn: down -2.0% q/q; […]
Results & Dividends
FBN Holdings Plc | First Glance: Lackluster Performance Across Income Lines, PAT Down 18.64% q/q and 13.15% y/y
July 28, 2017/Cordros Research Click here to download full PDF copy of Report First Bank of Nigeria Holdings Plc (”FBNH”) released unaudited Q2-17 results yesterday, wherein gross earnings grew marginally by 4.63% (down 8.01% y/y and 66 bps below our estimate), while PBT and PAT contracted 22.50% q/q (-35.09% y/y) […]
Barclays Africa’s H1 profit rises 7 pct despite S. African downturn
July 28, 2017/Reuters South Africa’s Barclays Africa Group said on Friday its half-year profit rose 7 percent, driven by solid earnings growth in its local market and the rest of Africa and a strong performance in corporate banking, despite an economic downturn. The results marked the first time that the […]
