October 27, 2017/Cordros Research Access Bank Plc (ACCESS) yesterday released its Q3-17 results, wherein gross earnings (9.31% q/q and 18.26% y/y, in line with our estimate) came in lower relative to Q2-17. This follows lackluster performance across income lines – interest income grew lower than expected (1.69% q/q and […]
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FBN Holdings: Lackluster Performance Across Income Lines, PAT Up 24.44% q/q and 145.47% y/y
October 27, 2017/Cordros Research First Bank of Nigeria Holdings Plc (”FBNH”) released unaudited Q3-17 results yesterday, 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 […]
Guinness Nigeria Says Q2 2017 Revenue up 30%
October 27, 2017/XLR8 30% revenue growth and 24% gross profit increase for quarter one 2018 fiscal year. Operating profit of N2.6bn, N2.0bn improvement compared to the previous year. Rights issue process concluded and oversubscribed with funds received at the end of September. Guinness Nigeria today announces its […]
