July 27, 2017/InvestmentOne Research Sterling Bank released its Q2 2017 results earlier today. Please find key highlights of the Q2 2017 results below: ·         Net interest income of N13.4bn, down -0.7% q/q; -5.6% y/y ·         Profit before tax of N2.3bn, up +13.4% q/q; +46.3% y/y ·         Profit after tax of […]

Culled—-Proshare July 27, 2017/FBNQuest Research Event: Seplat Petroleum Development Company reports Q2 2017 results Implications: Slightly negative to neutral reaction from the market likely Positives: Sales of US$84.5m up 21% y/y and 79% q/q; average oil production up 86% q/q to 9,507 bpd Negatives: Seplat recorded a loss before tax […]

July 27, 2017/Transcorp Plc Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost conglomerate, has announced financial results for its second quarter ended June 30, 2017, showing significant growth in key financial indicators. The company recorded N4.2bn as profit after tax (PAT) for the half-year ended 30th of June 2017, translating into 134 […]