Culled—Proshare August 10, 2017/FBNQuest Research Input cost pressures weighed on earnings Cadbury Nigeria’s (Cadbury) 20.6% y/y sales growth in Q2 2017 was 9.1% ahead of our forecast. Both domestic and export sales were impressive, with 21.6% and 13.1% y/y increases. Despite the topline growth, the company recorded losses on both […]
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Bullish Run on Nigerian Bourse Comes to Abrupt End as Benchmark Index Down 0.11% on Profit-Taking
August 10, 2017/InvestmentOne Research Please click to download the Market Report for Thursday 10th August 2017 EQUITIES: The bullish run on the Nigerian bourse came to an abrupt end today as the All Share Index declined by -0.11% due largely to profit-taking on recent gains in Tier 1 banking names as well […]
Zenith Bank Plc Q2 2017 Results: Key Highlights
August 10, 2017/InvestmentOne Research Zenith Bank released its Q2 2017 results earlier today. Please find key highlights of the Q2 2017 results below: · Net interest income of N68.36bn, down -3.2% q/q; -0.7% y/y · Profit before tax of N47.98bn, up +8.6% q/q; +54.0% y/y · Profit after tax of […]
