By InvestAdvocate Lagos (INVESTADVOCATE)-Mid-tier lender, Sterling Bank Plc on Friday said its pretax profit for the period ended September 30, 2016 declined 26.9 percent to N6.07 billion from N8.30 billion declared a year ago. Post-tax profit of the bank also dropped 26.6 percent to N5.53 billion from N7.54 billion declared […]
Results & Dividends
Seplat Reports N24.08 Billion Nine-Months 2016 Loss after Tax
By InvestAdvocate Lagos (INVESTADVOCATE)-First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Thursday reported a loss after tax (LAT) of N24.08 billion for the nine-months period ended September 30, 2016 compared to a profit after tax (PAT) of N13.57 billion recorded a year ago. […]
Nigerian Breweries Plc Net Interest Expense Declined by 23% YoY
Culled—Proshare October 28, 2016/FBNQuest Research Event: Nigerian Breweries reports Q3 2016 results Implications: Likely downward revisions to consensus 2016 PBT forecast Positives: Net interest expense declined by -23% y/y Negatives: PBT declined by -66% y/y driven by a gross margin contraction of -639bps y/y and a 9% y/y rise in […]
