March 21, 2018/Cordros Report Access Bank Nigeria Plc (ACCESS) released its FY-2017 results at close of trade today, showing growth in Gross earnings in the year by 20.39% to NGN459.08 billion – short of our estimates by 5.71%. PBT (-11.36%) and PAT (-13.23%) declined to NGN80.07 billion and NGN61.99 billion […]
Investors Bite
Access Bank Says 2017 Post-Tax Profit Down 13.2% to N61.99 Billion
By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one (1) lender, Access Bank Plc said on Wednesday its post-tax profit for the period ended December 31, 2017 declined13.2 percent to N61.99 billion from N71.43 billion recorded a year ago. In the same vein, pretax profit dropped 11.4 percent to N80.07 billion […]
Investors in the Nigerian Equities Market Downbeat, as Benchmark Index Decline -0.46%
March 21, 2018/Cordros Update EQUITIES Investors in the equities market were downbeat, with the ASI declining by 0.46% to 41,495.43 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -4.24% and 8.50% respectively. The Industrial Goods (-2.50%) index posted the largest loss, followed by the Insurance (-0.72%) and Consumer Goods […]
