Culled—Proshare March 30, 2017/FBNQuest Research Increase to earnings estimates and price target Unilever Nigeria’s Q4 2016 results were better than we expected due to positive surprises on the sales and operating expenses lines. As such, we have increased our earnings estimates for the 2017-18E period significantly. On the back of […]
Results & Dividends
Sterling Bank Plc Q4 2016 Results: Key Highlights
March 30, 2017/InvestmentOne Research Sterling Bank released its Q4 2016 results earlier today. Please find key highlights of the Q4 2016 results below: · Net interest income of N14.5bn, down -8.9% q/q; up +54.4% y/y · Loss before tax of –N71m · Loss after tax of –N374m Please click to […]
Stanbic IBTC Holdings Q4 2016 Results Review- Upgrading from Underperform to Neutral Rating
Culled—Proshare March 30, 2017/FBNQuest Research Earnings upgrade to meet management’s guidance Stanbic IBTC’s Q4 2016 profit before provisions was 4% ahead of our estimate. We have increased our 2017-18E forecasts for this line by 4% on average as a result; we expect higher margins to compensate for slower non-interest income […]
