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’ […]
Results & Dividends
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 […]
Lafarge Africa Q3 2016 Results Review – Retaining Outperform Rating on Marked Sell-off
Culled—Proshare November 24, 2016/FBNQuest Research Material cuts to our EPS fcst’s & PT on negative cost outlook Although Lafarge Africa’s (Lafarge) Q3 2016 results showed that its pre-tax loss was better than our –N18.9bn forecast, the loss was still sizable at-N11.6bn. Lower unit volumes (-27% y/y), a significant spike in […]
