October 28, 2016/Cordros Research This afternoon, Access Bank Plc (ACCESS) released its nine-month earnings result for the period ended September 30, 2016. EPS declined to N1.98 from N2.01, despite a 19% y/y increase in PAT; mainly because of the impact of a higher number of shares outstanding following last year’s […]

October 28, 2016/Cordros Research DANGSUGAR released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) robust y/y and q/q revenue growth; (2) significant y/y and q/q gross margin contraction; (3) high double-digit y/y and q/q increase in opex; (4) […]

October 28, 2016/Access Bank Plc Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended 30 September 2016 based on enhanced business efficiency as a result of the effective execution of its long-term strategy. The Bank’s Profit Before Tax (PBT) showed an increase of […]