Culled—Proshare April 25, 2017/Vetiva Research Sticky Gross Earnings – down 2% y/y Lofty provisioning pressures bottom line PAT down 38% y/y – albeit ahead of Vetiva and Consensus estimates TP revised to N3.32 (Previous: N2.95) PAT down 38% y/y – albeit ahead of estimates DIAMONDBNK released its long awaited FY’16 […]
Results & Dividends
Cadbury Nigeria Plc | First Glance: Q1-17 PAT; Hard Landing From Q4-16
April 26, 2017/Cordros Research Click here to download full PDF Report Cadbury Nigeria Plc (CADBURY) published Q1-17 result late yesterday, outperforming our estimate on revenue, but disappointed on earnings. PAT fell by 86.2% y/y, way behind our -47% y/y estimate. Principally, the decline in gross margin, both y/y and q/q, […]
Diamond Bank Q4 2016 Results – Loss After Tax Largely Driven by a Negative Result on the OCI Line
Culled—Proshare April 25, 2017/FBNQuest Research Event: Diamond Bank reports Q4 2016 results Implications: Neutral reaction expected by the market Positives: Funding income up 19.1% y/y to N28.8bn Negatives: Loss after tax of c. N1bn largely driven by a negative result on the other comprehensive income line Late yesterday, Diamond Bank […]
