Culled—Proshare May 3, 2017/Cordros Capital Zenith Bank Plc (ZENITHBANK) published Q1-2017 result last week, reporting double-digit growth across most line items – gross earnings surged 48.58% y/y and 15.74% q/q, supported by impressive growth in interest income (+40.29% y/y and 19.43% q/q) and non-interest income (94.28% y/y and 3.07% q/q). […]
Results & Dividends
Okomu Oil Palm Company Plc – Earnings on a path to another historic year
May 3, 2017/Vetiva Research · Oil palm business revenue up 73% on strong CPO prices · Rubber revenue doubles on weaker naira, strong international prices · Q1’17 PAT up 92% y/y, significantly ahead of estimate · Strong CPO prices to keep earnings robust · Target Price revised to ₦68.69 (Previous: […]
Nestle Nigeria Plc Revenue Outperformance Drives Earnings Beat
May 3, 2017/Vetiva Research Q1’17 logs strongest quarterly revenue figure on record, up 69% y/y Earnings growth watered down by higher production costs Q1’17 PAT above estimate at ₦8.4 billion, up 25% y/y EPS, TP revised upwards on earnings outperformance Q1’17 earnings beat estimates on strong sales momentum Reporting the […]
