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, […]

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 […]

Culled—Proshare August 2, 2017/FBNQuest Research Event:                       International Breweries reports Q1 2018 (end-Jun) results Implications:        Neutral reaction expected by the market Positives:              Sales grew by 37% y/y; PAT of N1.4bn compares with a post-tax loss of –N1.7bn recorded in Q1 2017 Negatives:               Gross margin contracted by -411bps […]