April 20, 2018/Cordros Report Update: Zenith Bank plc released its Q1-2018 results, showing improved performance across key line items. Gross earnings was higher by 14.52% y/y (-20.91% q/q) at NGN169.19 billion, while PAT and PBT also grew by 22.17% y/y (+6.07% q/q) and 25.55% y/y (-3.32% q/q) to NGN54.0 billion […]
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Total Nigeria Q4 2017 Results Review – Neutral Rating Maintained
Culled—Proshare April 20, 2018/FBNQuest Research Price target up 9% to N290.0 Total Nigeria (Total) Q4 2017 earnings of N2.1bn declined by -35% y/y. The decline was unsurprising given the strength of the 2016 results, which were skewed by favourable government policies due to fx supply constraints. Notwithstanding, Q4 earnings beat […]
Kenya Capital-Markets Regulator Plans Waivers to Spur Listings
Culled—Proshare April 19, 2018/By Adelaide Changole of Bloomberg Exemptions will be included in the government’s 2018-19 budget State targets to increase listed firms to 100 by 2023 Kenya’s Capital Markets Authority is proposing exemptions for companies that weren’t fully tax compliant in the past with the view to increasing listings […]
