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 […]
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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 […]
Mutual Fund Assets Cross The Half Trillion Mark
Culled—Proshare March 12, 2018/Uchenna Ndimele Helped by performance in equity market and net inflows, Nigeria’s mutual fund the industry added N84 billion to end with total assets worth N0.513 trillion as at March 2, 2018. This marks the sixth consecutive weekly rise in AUM for Mutual Fund industry since January […]
