Culled–Proshare October 31, 2016/CardinalStone Research Guinness Nigeria Plc Q1’17 results – Turnover for Q1’17 increased by 5.9% YoY to N23.0 billion in line with our estimate of a 4.6% YoY growth to N22.0 billion. Gross profit margin however declined markedly to 28.6% from 42.9% in Q1’16, following the sustained weakness […]
Results & Dividends
Fidelity Bank Grows Deposits to N795.6bn In Nine Months
October 31, 2016/Fidelity Bank Plc Fidelity Bank Plc, one of Nigeria’s highly diversified financial institutions has announced its Unaudited Results, for the 9 months ended 30 September 2016, disclosing that the Bank’s deposit base grew to N795.6 billion in spite of the current economic turmoil. This represents a 3.4 percent […]
Oando Plunges Further, Reports N54.35 Billion Loss in Q3 2016
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 […]
