Culled–Proshare April 26, 2017/FBNQuest Research Event: GT Bank reports Q1 2017 results Implications: Positive reaction from the market expected; results running ahead of full year PBT guidance of N168bn Positives: Net interest income (and PBT) growth of over 60% y/y; results were ahead of our forecasts Negatives: No major negatives […]

Culled—Proshare April 25, 2017/FBNQuest Research                           Event: Cadbury Nigeria (Cadbury) reports Q1 2017 results Implications: Downward revision to consensus estimates likely Positives: Sales up 13.3% y/y Negatives: PBT and PAT both down -86.2% y/y Cadbury Nigeria (Cadbury) reported Q1 2017 results this afternoon showing sales growth of 13.3% y/y to N8.1bn. […]

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 […]