By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing company, Oando Plc on Monday reported a loss of N54.35 billion in the third quarter (Q3) period ended September 30, 2016 compared to a loss of N37.72 billion recorded a year ago. Also, the company recorded a loss before tax (LBT) of N87.52 billion from […]
Results & Dividends
Nestle Nig. Plc Records LAT in Q3-16 on Higher Effective Tax
October 31, 2016/Cordros Research NESTLE released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) 16.6% y/y and 10.7% q/q revenue growth; (2) significant y/y gross margin contraction; (3) net forex loss; and (4) a LAT of N5.1 billion, […]
Access Bank Plc | 9M’16: Earnings Up 19% Despite Non Interest Income Slump
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 […]
