November 2, 2017/NSE We wish to inform The Exchange and the investing public that AXA Mansard Insurance Plc has agreed with IFC, Africa Capital Alliance (a Private Equity fund) and other strategic investors to finance the construction of a 150-bed hospital and two 10-bed clinics in Lagos. The shareholders agreement […]
Investors Bite
INTBREW Pre-tax and Post-tax Losses Widened to –N1.2bn and –N1.4bn Respectively in Q2 2018 Results
Culled—Proshare November 2, 2017/FBNQuest Event: International Breweries reports Q2 2018 (end-Sep) results Implications: Negative reaction expected by the market Positives: Gross margin expanded by 39bps y/y and 133bps q/q Negatives: Pre-tax and post-tax losses widened to –N1.2bn and –N1.4bn respectively The NSE published International Breweries’ Q2 2018 (end-Jun) results today. […]
Earnings to Outperform in FY-2017 Despite Asset Quality Pressure
November 2, 2017/Cordros Research First Bank of Nigeria Holdings Plc (”FBNH”) released unaudited Q3-17 results, wherein gross earnings grew marginally by 1.85% q/q and 0.40% y/y (1.77% above our estimate), while PBT and PAT rose 28.01% q/q (71.19% y/y) and 24.44% q/q (145.47% y/y), respectively. The growth in earnings was […]
