Culled—Proshare November 28, 2016/FBNQuest Research Neutral rating maintained despite 44% reduction to our PT FCMB Group’s (FCMB) Q3 2016 results came in well behind our forecasts, largely because of a negative surprise in loan loss provisions. Although non-interest income grew strongly (due to fx gains of N17.0bn) and opex declined […]
Results & Dividends
FCMB Group Records 168% Growth in Non-Interest Income in Q3’16 Results Due to FX Gains
Culled—Proshare November 25, 2016/FBNQuest Research Event: FCMB Group reports Q3 2016 results Implications: Negative market reaction likely Positives: 168% y/y growth in non-interest income largely due to fx gains Negatives: Pre-tax loss of -N2.1bn driven by a significant spike in loan loss provisions Late yesterday, the NSE published FCMB Holdings’ […]
FCMB Q3 2016 Profit up 30.6%
By InvestAdvocate Lagos (INVESTADVOCATE)- FCMB Group Plc said on Thursday its nine-months profit after tax (PAT) for the period ended September 30, 2016 rose 30.6 percent to N12.98 billion from N9.94 billion recorded a year ago. Profit before tax (PBT) also grew 19.4 percent to N14.17 billion from N11.87 billion […]
