In Your Interest
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 […]
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 […]
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market closed the week on a positive note as the Nigerian Stock Exchange (NSE) all-share index (ASI) and market capitalisation appreciated by 1.05 percent and 1.34 percent to close the week at 41,244.89 and N14.940 trillion respectively. “Similarly, all other indices finished higher with […]