Culled—Proshare July 28, 2017/FBNQuest Research Event:                       Nigerian Breweries reports Q2 2017 results Implications:          Upward revisions to consensus FY 2017 PBT forecast likely Positives:                 PBT and PAT grew by 58% y/y and 43% y/y respectively Negatives:               No obvious negatives Earlier this afternoon, Nigerian Breweries (NB) published […]

Culled—-Proshare July 28, 2017/FBNQuest Research Event: Total Nigeria (Total) reports Q2 2017 results Implications: Cuts to consensus 2017E estimates expected Positives: Q2 sales, PBT and PAT all declined, by -16% y/y, -66% y/y and -68% y/y respectively Negatives: No obvious positives This afternoon, Total Nigeria (Total) reported Q2 2017 results which […]

Culled—-Proshare July 28, 2017/Elixir Research NSE First Bank of Nigeria Holding Company (FBNH) Plc recently released its H1- 2017 earnings which showed impairments remain a major issue as the bank booked even more specific charges. In addition, the negative base effect of the Naira devaluation last June hit earnings as […]