By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc said on Thursday its pretax profit for the period ended September 30, 2017 grew 5.7 percent to N72.9 billion from N68.9 billion posted a year ago. Post-tax profit of the bank also increased marginally 4.3 percent to N56.3 billion from […]
Investors Bite
Nigerian Breweries Q3-17 PAT; Broad Underperformance
October 26, 2017/Cordros Research NB released Q3-17 result earlier today. In our view, NB’s performance during the three months period was broadly disappointing. Although revenue grew 12.8% y/y, it was below our estimate by c.9%. PAT on the other hand, was down 75% y/y, and 97% below our estimate on […]
Intraday Update:NSEASI Heads South on Investors Sentiment in Mobil, Reaction to NB Plc’s Q3 Report
October 26, 2017/InvestmentOne Research ASI as at 12.00pm: -0.29% Market movers: MOBIL (-14%), NB (-3.8%), DANGFLOUR (+0.76%), DANGSUGAR (+0.24%), Sector Performances: Oil & Gas (-1.37%), Consumer Goods (-0.98%), Banking (+0.09%), Industrial and Insurance. Market activity: So far today, investors have exchanged c.90m units of shares worth c.N1.2bn in value. UBA […]
