November 4, 2016/FBNQuest Research Modest cuts to our EPS forecasts and price target Following Fidelity Bank’s (Fidelity) Q3 2016 results which showed that PBT was broadly in line with our estimate, we have made modest cuts to our 2016-17E earnings forecasts. Our price target is unchanged at N0.9. Although the […]
Results & Dividends
Kenya’s Safaricom says EBITDA for H1 up by 30.8 percent
November 4, 2016/Reuters By George Obulutsa Kenya’s Safaricom said on Friday that earnings before interest, tax, depreciation and amortization (EBITDA) for the first half of the year are up 30.8 percent on the same time last year, at 50.8 billion shillings ($502 million). The company’s net income in the same […]
LafargeHolcim Reports Sustained earnings growth in third quarter
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – World’s building materials and cement producers, LafargeHolcim said on Friday it sustained its earnings growth in the third quarter (Q3) 2016 which was driven by pricing strategy, synergies and disciplined cost management. The financial highlights made available by the company shows that its […]
