Culled—Proshare March 14, 2018/ARM Research Following a dismal 2016, when earnings fell to an eight-year low of N7.4 billion, Nestle Nigeria Plc (Nestle) returned strong in 2017, with earnings rising to a record N33 billion, a four-fold increase from the prior year. The big question now is, what happens next […]
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STANBIC Reports Q4 2017 Results – Proposed Final Dividend of 50k Below Expectation
Culled—Proshare March 14, 2018/FBNQuest Research Event: Stanbic IBTC Holdings (Stanbic) reports Q4 2017 results Implications: Limited reaction from the market likely Positives: Strong growth in non-interest income, +63% y/y Negatives: Proposed final dividend of 50kobo below expectations; opex +38% y/y Stanbic’s Q4 2017 results which were released this afternoon show that PBT […]
GTBank Reports Q4 2017 Results – Funding Income Declined by 9% YoY
Culled—Proshare March 14, 2018/FBNQuest Research Event: GT Bank reports Q4 2017 results Implications: Slight positive reaction once the market has digested the figures properly Positives: PBT grew by 85% y/y, thanks to a 736% y/y growth in non-interest income Negatives: Funding income declined by 9% y/y; we est. NPL ratio […]
