Culled—Proshare November 3, 2016/GTI Research Investment Highlight 9M -2016: Gross Earnings up 12.9%, net income by 20.44%, boosted by FX revaluation gains Zenith Bank (‘’The Company’’) released its interim 9M -2016 result for the period ended September, 30 2016 on 24th October 2016. The Company reported a 12.9% rise in […]
Results & Dividends
Dangote Sugar Refinery Plc – Production costs surge, caps earnings growth
Culled—Proshare November 3, 2016/Vetiva Research Strong revenue growth persists, hinged on higher volumes, price DANGSUGAR maintained the impressive revenue growth run-rate recorded from H1’16 in its Q3’16 results, posting an 18% q/q growth in the period. Though flattered by a low base from the preceding year (volumes impacted by distribution […]
Access Bank Plc – Investment Case Still Strong Despite Raised OPEX
Culled—Proshare November 2, 2016/FBNQuest Research Earnings and price target trimmed; reiterating Outperform rating Following Access Bank’s Q3 2016 results, we have cut our 2016-17E earnings estimates by an average of 8.3% and our price target by 7.2% to N9.0. These cuts largely reflect the negative surprise in operating expenses in […]
