Culled—Proshare April 19, 2018/FBNQuest Research Event: Unilever Nigeria reports Q1 2018 results Implications: Market reaction likely to be neutral to slightly positive Positives: PBT and PAT up by 80-81% y/y Negatives: Limited to gross margin contraction of 72bps y/y Earlier today, Unilever Nigeria (Unilever) reported its Q1 2018 results which […]
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Zenith Bank Q1 2018: Crash in Loan Impairment Charges Supports PBT as Loan Book Contracts
April 19, 2018/InvestmentOne Report NIGERIA | EQUITIES | BANKING | ZENITH BANK PLC Impressive net interest income of N95.9billion, up 69.7% q/q; 35.8% y/y Profit before tax of N54.0billion, up 6.1% q/q; 22.2% y/y Mixed profit after tax of N47.1billion, down 3.3% q/q; up 25.5% y/y Zenith bank released its […]
Zenith Bank Plc Reports Q1 2018 Results – The Bank is On Track To Meeting Its FY Target of N210bn
Culled—Proshare April 19, 2018/FBNQuest Research Event: Zenith Bank reports Q1 2018 results Implications: Muted reaction from the market likely; we believe the bank is on track to meet its FY2018 PBT guid. of N210bn Positives: Double-digit PBT and PAT y/y growth Negatives: Limited This afternoon, Zenith Bank (Zenith) published its Q1 […]
