Investors Bite

ZENITHBANK Q3’17: Decline in Opex Supported 42.57% q/q Growth in PAT, Despite Lower Funding Income and Non-Interest Revenue.

October 19, 2017/Cordros Research Click here to download full PDF copy of report Zenith Bank Plc (ZENITHBANK) published Q3-2017 result this afternoon, reporting declines across most line items – gross earnings declined 35.19% q/q and 8.89% y/y – following higher than expected contraction in interest income (-30.96% q/q and +4.54% […]

Dangote Cement Q3 2017 PAT; Below Expectation, But Strong

October 19, 2017/Cordros Research Click here to download full PDF copy of report DANGCEM just released Q3-17 result, showing revenue (27.4% y/y), EBITDA (95.1% y/y), and PAT (63.1% y/y) all grew strongly at the Group level. Revenue was below our estimate by 6% while EBITDA (on lower other incomes) and […]

Lafarge registers ₦60.00 billion Commercial Paper Programme with FMDQ

October 19, 2017/FMDQ In maintaining its support for the development of the Nigerian debt capital markets (DCM), FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) uses its platform, amongst others, to efficiently enhance the registration, listing, quotation and trading of debt securities in the Nigerian financial market space. In […]