Results & Dividends

Flour Mills of Nigeria Plc – Abnormally Weak Q4 Slows Strong FY Earnings

Culled—-Proshare July 6, 2017/Vetiva Research ·         Impressive revenue run-rate persists, up 53% y/y ·         EBIT surges from ₦9 billion to ₦41 billion in FY’16/17 ·         Board of Directors recommend dividend of ₦1.00/share ·         Earnings estimates cut, TP revised lower, BUY rating maintained Strong y/y improvement in FY’16/17 earnings despite dismal […]

ETI Says will Delay Release of H1 2017 Result till August 24, 2017

By July 4, 2017 InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) said on it will delay the release of its Half-Year (H1) for the period ended June 30, 2017 till August 24, 2017. The pan-African lender, said the  results for the period will be subject to audit by it’s […]

Niger Insurance Says Pretax Profit Declines 86.5% in 2016 FYE

July 3, 2017 By Kingsley Ogunwa InvestAdvocate Click here to download Niger Insurance Plc Annual Report and Audited Financial Statement for the Year Ended December 31, 2016 Lagos (INVESTADVOCATE)-Insurer, Niger Insurance Plc said its pretax profit for the epriod ended December 31, 2016 declined 86.5 percent to N99 million from […]