Culled—Proshare August 24, 2017/FBNQuest Research Event: United Bank for Africa (UBA) reports Q2 2017 results Implications: Upgrades to consensus 2017 forecasts likely Positives: Q2 PBT advanced by 92% y/y Negatives: Opex increased by 20% y/y; provisions were up by 104% q/q UBA’s Q2 2017 results which were published this afternoon […]
Investors Bite
Access Bank Plc Q2 2017 Results – Net Interest Income Down by 5.7% QoQ
Culled—Proshare August 24, 2017/Investment One Research Q2 2017 results highlight: Opex weighs heavy on strong non-interest earnings · Net interest income of N40.3bn, down -5.7% q/q; up +19.1% y/y · Profit before tax of N20.8bn, down -33.2% q/q; -2.7% y/y · Profit after tax of N13.4bn, down -48.3% q/q; -4.3% y/y […]
Nigerian Equities Market Heading South on Profit-Taking
August 24, 2017/InvestmentOne Research ASI as at 12.00pm: -0.27% Market movers: MRS (-5.02%), PRESCO (-4.99%), MANSARD (+2.15%), NEIMETH (+5.06%) Sector Performances: Banking (-0.48%), Oil & Gas (-0.33%), Consumer (-0.18%), Industrial (-0.05%) Market activity: Compared to this time yesterday, activity levels are down as investors have exchanged 43.6m units of shares […]
