Culled—Proshare August 1, 2016/FBNQuest Research Event: Fidelity Bank reports Q2 2016 results Implications: Negative reaction by the market likely Positives: Limited Negatives: Loan loss provisions grew markedly and surprised negatively, leading to PBT falling -54% y/y Fidelity Bank’s Q2 2016 results which were last week Friday showed that while PAT […]
Results & Dividends
Forte Oil Reports -11.8% Decline in H1 2016 in Profit
By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketer, Forte Oil Plc on Monday said profit after tax (PAT) for the half-year (H1) period ended June 30, 2016 declined 11.8 percent to N2.23 billion from N2.53 billion recorded a year ago. Pretax profit of the oil marketing company climbed up 30.9 percent to N4.26 […]
Skye Bank Plc Reports Q4 2015 Results; Further Deterioration Expected in Q1 and Q2
Culled—Proshare August 1, 2016/FBNQuest Research Event: Skye Bank reported Q4 2015 results Implications: Limited; recent Skye-specific events have overtaken these results Positives: n/a Negatives: Loss before tax of –N53bn (our estimate was –N6.6bn) Late last week Friday, after several months of delays, Skye Bank reported Q4 2015 results which showed […]
