By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc said on Wednesday its pretax profit for the period ended December 31, 2017 declined 7.3 percent to N3.0 billion from N3.24 billion reported a year ago. Similarly profit after tax (PAT) depreciated by 11.9 percent to N2.25 billion from N2.56 billion […]
Investors Bite
Forte Oil Plc – Earnings Beat On Strong Power Performance
Culled—Proshare April 11, 2018/Vetiva Research • Fuel segment earnings constrained by tough operating environment • Gross profit across all but Power segment down y/y • Net finance costs moderate 15% y/y despite sticky debt balance • PAT further supported by tax credit, beats estimate by 94% • Valuation revised lower amidst more cautious outlook on […]
SEC lifts technical suspension on Oando PLC
April 11, 2018/Proshare WebTV Sources are reporting that the Securities and Exchange Commission of Nigeria has formally lifted the 6-month old technical suspension on Oando PLC, a leading Nigerian energy company listed on the Nigeria and Johannesburg Stock Exchanges. This was contained in a letter from the SEC Nigeria to […]
