Culled—-Proshare August 5, 2016/Vetiva Research FX related charges drag Q2 into loss Weak Q2 bottom-line mutes strong profitability over the quarter FY’16 earnings forecast revised lower following disappointing H1 Valuation revised slightly lower amidst pressure on FY’16 earnings JBERGER reported a 94% y/y drop in H1’16 PAT to N136 million […]
Results & Dividends
Fidelity Bank Q2 2016 Results: Retaining Underperform Rating on Weak Outlook
Culled—-Proshare August 5, 2016/FBNQuest Research Maintaining Underperform rating despite rolling over to 2017E Although Fidelity Bank’s (Fidelity) Q2 2016 PAT beat our forecast by 27%, the positive surprise was solely due to a positive result on the other comprehensive income (OCI) line. The underlying results showed that PBT missed our […]
ASHAKACEM Post 54.1% Decline in H1 2016
By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc on Friday said its profit after tax (PAT) for the period first-half (H1) ended June 30, 2016 declined 54.1 percent to N1.63 billion from N3.55 billion a year ago. Similarly, profit before tax (PBT) of the company dropped 63.2 percent to N1.53 […]
