February 21, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed the trading session in red, losing 0.14 percent to 32,568.66 basis points compared to +0.64 percent gain recorded previously, as Year-to-Date (YTD) returns currently stands at a negative +3.62 percent. InvestmentOne reports that market breadth index was […]
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Nigerian Breweries Q4 2018: Heightened Competition and Excise Duties Weighed On Performance
February 21, 2019/InvestmentOne Report · Diverse topline performance: up 32.0% q/q, down 3.9% y/y. · Mixed gross profit margin: up 880bps q/q, down 348bps y/y. · Mixed opex/sales ratio: down 788bps q/q, up 240bps y/y. · Profit before tax of N6.95billion in Q4 2018 against a Loss before tax of […]
ZENITHBANK Q4 2018: Lower Opex and Impairment Charges Support Bottom Line
February 21, 2019/InvestmentOne Report Net interest income of N67.1billion, down 10.0% q/q; up 18.7% y/y Non-interest income of N44.4billion, up 5.7% q/q, down 52.5% y/y Profit before tax of N64.4billion, up 7.4% q/q; up 37.7% y/y Profit after tax of N49.3billion, down 21.1% q/q; up 10.5% y/y Zenith Bank published […]
