Culled—Proshare April 19, 2018/FBNQuest Research Material cuts to our 2018-19E EPS forecasts and price target Similar to Q3 2017, Lafarge Africa’s (Lafarge) Q4 2017 results surprised negatively due to an impairment loss of N20.4bn taken on fixed assets and one-off related costs of N10.4bn. On its Q4 conference call, management […]
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GTBank: Positive performance in Q1-2018, amid strong NIR growth and lower impairment charge
April 19, 2018/Cordros Report Update: Guaranty Trust Bank Plc released its Q1-2018 result yesterday, showing positive performance in the top and bottom lines. Compared to Q1 last year, Gross Earnings, PBT and PAT were 4.65% (-1.00% q/q), 4.43% (+4.81% q/q), and 7.70% (-0.49% q/q) higher than their restated values at […]
GTBank Q1 2018: Income from Investment Securities Yet to Taper as NPL Moderates
April 19, 2018/InvestmentOne Report NIGERIA | EQUITIES | BANKING | GUARANTY TRUST BANK PLC Q1 2018 results highlight: Income from Investment Securities Yet to Taper as NPL Moderates Mixed net interest income of N59.7billion, up 4.5% q/q; down -9.7% y/y Profit before tax of N52.6billion, up 4.8% q/q; 4.4% y/y […]
