24/4/2018/Yahoo Finance Andy Serwer Editor in Chief Many of us know the magic of investing money in the stock market—just letting it sit and watching it grow—but few of us really grasp just how powerfully enriching this can be. Not surprisingly, Warren Buffett, the world’s greatest investor, has a vivid […]
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Oando Impressive: Posts N19.8 Billion Profit After Tax in 2017
By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Dual listed oil marketing major, Oando Plc late Friday posted an impressive result as it reported profit after tax (PAT) for the period ended December 31, 2017 grew 405 percent to N19.8 billion from N3.9 billion recorded a year ago. Gross profit increased 81 percent to […]
FCMB Group Reports Q1 2018 Results – Pre-provision Profits Declined by 24% Q0Q
Culled—Proshare April 27, 2018/FBNQuest Research Event: FCMB Group reports Q1 2018 results Implications: Limited revisions to consensus 2018 PBT forecast. Positives: PBT grew by 64% y/y, driven by strong double-digit growth in funding income Negatives: Pre-provision profits declined by 24% q/q driven by q/q reduction in both revenue lines. This […]
