Investors Bite

UNILEVER Q3-17 PAT; Strong, Amidst Surprise Increase in Finance Costs

October 20, 2017/Cordros Research Click here to download full PDF copy of report Unilever Nigeria Plc’s (UNILEVER) Q3-17 result, released this afternoon, shows revenue and net profit grew by 36.6% y/y and 142.7% y/y respectively. Compared to our estimate, the reported revenue was ahead by 2% while PAT lagged by […]

Nigerian Equities Shed 0.16% on Weak Investors Sentiment, Down 0.71% W-t-D

October 20, 2017/InvestmentOne Research The Nigerian equities market shed -0.16% today. Down -0.71% WTD.   Market breadth index closed negative  for the third consecutive trading session with 9 stocks gaining against 21 stocks that declined.   The best performing stock was CUTIX (+9.70%) while AIICO (-5.26%) was the top loser. […]

ZENITHBANK Q3’17: Q3 2017 results highlight: Slide in loan impairment charges supports PBT amidst weaker earnings

October 20, 2017/InvestmentOne Research NIGERIA | EQUITIES | BANKING | ZENITH BANK PLC  Q3 2017 results highlight: Slide in loan impairment charges supports PBT amidst weaker earnings  ·         Net interest income of N62.53bn, down  -8.5% q/q; -0.4% y/y   ·         Profit before tax of N60.37bn, up +25.8% q/q; down -10.4% […]