Culled—Proshare August 3, 2017/FBNQuest Research Event: Presco reports Q2 2017 results Implications: Positive market reaction expected Positives: Q2 2017 sales up 30.4% y/y, PBT up 10.1% y/y Negatives: Opex growth of 28% y/y came in higher than we expected; -N243m fx loss Presco reported its Q2 […]
Results & Dividends
MTN returns to first-half profit after turbulent 2016
August 3, 2017/Reuters MTN Group, Africa’s biggest mobile phone operator, returned to first-half profit on Thursday, marking a move away from a turbulent 2016 that highlighted the risks of the company’s emerging markets strategy. The results were bolstered by the absence of charges related to a $1.1 billion fine imposed […]
CCNN Plc – Strong H1 Earnings Amidst Pricing Boost
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 […]
