October 30, 2017/InvestmentOne Research he Nigerian equities market closed positive today, gaining +0.06% DANGFLOUR (+10.19%) was the market’s best performer while MORISON (-4.76%) was the worst performer. However, market breadth index closed negative as 21 stocks declined against 18 stocks that gained. FBNH (-0.81) led the market in terms […]
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Diamond Bank Reported Pre-tax and After-tax Losses of -N4.1bn and -N2.3bn Respectively in Q3 2017
Culled—Proshare October 30, 2017/ FBNQuest Research Event: Diamond Bank reports Q3 2017 results Implications: Downward revisions to consensus PBT forecasts and negative reaction from the market likely Positives: Limited to OCI gains Negatives: The bank reported pre-tax and after-tax losses of -N4.1bn and -N2.3bn respectively Diamond Bank’s (Diamond) Q3 2017 […]
Nestle Nigeria Reports Q3 2017 Results – Net FX Loss of –N6.0bn Offset Strong Underlying Profits
Culled—Proshare October 30, 2017/FBNQuest Research Event: Nestle Nigeria reports Q3 2017 results Implications: Neutral reaction expected by the market Positives: Q3 sales and PBT up 29% y/y and 117% y/y to N63.3bn and N10.0bn respectively; PAT of N6.4bn compare with a loss after tax of –N51m a year ago Negatives: Net […]
