Culled—-Proshare July 28, 2017/FBNQuest Research Event: Total Nigeria (Total) reports Q2 2017 results Implications: Cuts to consensus 2017E estimates expected Positives: Q2 sales, PBT and PAT all declined, by -16% y/y, -66% y/y and -68% y/y respectively Negatives: No obvious positives This afternoon, Total Nigeria (Total) reported Q2 2017 results which […]
Results & Dividends
FBNH H1-2017 Results – FX Gains Vanish, Impairments Still High as Profit Drops
Culled—-Proshare July 28, 2017/Elixir Research NSE First Bank of Nigeria Holding Company (FBNH) Plc recently released its H1- 2017 earnings which showed impairments remain a major issue as the bank booked even more specific charges. In addition, the negative base effect of the Naira devaluation last June hit earnings as […]
Nestle Nigeria Plc | First Glance: Q2-17; PAT in Line With Expectation
July 28, 2017/Cordros Research Click here to download full PDF Copy of Report This morning, NESTLE announced Q2-17 PAT of N8.19 billion, (1) compared to a loss of N6.15 billion in Q2-16, (2) below the 8.36 billion reported in Q1-17, and (3) below our N8.51 billion estimate. Compared to Q2-16, […]
