Culled—Proshare March 12, 2018/Afrinvest Market Last Week (Our Observation) The local bourse sustained a positive performance for the second consecutive week as the All Share Index (ASI) rose 0.7% W-o-W to 43,167.87 points while YTD return improved to 12.9% Across sectors, performance was largely mixed as 3 of 5 indices […]
Investors Bite
ZENITHBANK Says 2017 Post-Tax Profit Climb 37.20%, Proposes N2.45 Kobo Final Dividend
By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Monday said its post-tax profit for the period ended December 31, 2017 climbed up 37.20 percent to N177.93 billion from N129.65 billion recorded a year earlier. Pretax profit for the review period also appreciated 29.80 percent to […]
Weekly Valuation Summary for March 12, 2018
March 12, 2018/Cordros Capital CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY appreciated by 18.71% last week to N18.40. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q3-17 result, showing revenue growth of 9.3% y/y and PAT of […]
