Culled—Proshare 2/8/2017/Vetiva Research · Topline up 31% y/y, 4% ahead of estimates · EBIT margin remains healthy amidst decline in operating expenses · Revenue to be further supported by pricing · Tax rate adjusted lower to reflect H1’17 run rate · Target price unchanged at N7.88 Bottom line lifted by […]
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Nigerian Stocks Close Positive Two-Straight Days on Blue-chip Gains
August 2, 2017/InvestmentOne Research Please click to download the Market Report for Wednesday 2nd August 2017 EQUITIES: The equities market closed positive for the second consecutive trading session today, gaining +0.50% to end at 36,905.06pts. Today’s performance was largely driven by the gains in NB (+98pts), WAPCO (+40pts) and ZENITHBANK (+32pts), which […]
Presco Plc Q2 2017 Results: Key Highlights
August 2, 2017/InvestmentOne Research Presco released its Q2 2017 results earlier today. Please find key highlights of the Q2 2017 results below: · Revenue of N5.7bn, down -21.2% q/q; up +30.4% y/y · Profit before tax of N2.6bn, down -49.1% q/q; up +10.1% y/y · Profit after tax of N1.7bn, […]
