October 31, 2017/Cordros Research In its recently released Q3-17 results, ZENITHBANK reported 35.19% q/q and 8.89% y/y decline in gross earnings, following higher-than-expected contraction in interest income (-30.96% q/q and +4.54% y/y, 28.87% below our estimate) and a steep decline in non-interest revenue (42.07% q/q and 16.29% y/y, ahead of […]
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Intraday Update: NSEASI Heads South on Massive Sell-Offs Across Major Counters
October 31, 2017/InvestmentOne Research ASI as at 12.00pm: -0.71% Market movers: INTBREW (-9.55%), FIDELITY (-6.17%), ETERNA (+5.28%), NEM (+4.84%) Sector Performances: Banking (-0.81%), Consumer Goods (-0.65%), Oil & Gas (-0.27%), Insurance (+1.27%), Industrial Market activity: Market turnover inched up today compared to this time yesterday, as investors exchanged c.103m […]
CONOIL Post -25.4% Decline Q3’17 in Pretax Profit
By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc said on Monday its pretax profit for the period ended September 30, 2017 depreciated 25.4 percent to N2.02 billion from N2.71 billion posted the same period of last year. Post-tax profit for the period of the oil marketing firm, also declined 25..0 […]
