Culled—Proshare May 3, 2017/FBNQuest Research Neutral rating maintained Nestle Nigeria (Nestle) posted earnings growth of 25% y/y in Q1 2017 thanks to a strong topline growth of 69% y/y. This topline growth completely offset negatives on both the gross margin and opex lines. Price increases across all categories were the […]
Results & Dividends
Shareholders Commend FCMB’s performance in 2016; Approve Dividend
May 3, 2017/PFCAfrica Communications Limited Lagos: April 28, 2017 – Shareholders of FCMB Group Plc have applauded the financial institution for its resilience, dynamism and the enhanced performance recorded last year despite the challenging operating environment. The shareholders, who gave the commendation at the 4th Annual General Meeting (AGM) of […]
FBN Holdings Plc | FY2016 and Q12017 Update: Asset Quality Pressure on the Bottom line Persists
May 3, 2017/Cordros Research Click here to download full PDF Report Last week, First Bank of Nigeria Holdings Plc (”FBNH”) released audited full year 2016 results, wherein gross earnings grew by 15.17% (1.86% above estimate), buoyed by growth in net insurance premium (+14.85% y/y) and significant improvement in non-interest revenue […]
