Culled—Proshare 27/4/2017/FBNQuest Research Event: Access Bank reports Q1 2017 results Implications: Consensus earnings estimates likely to move up Positives: Strongly double-digit revenue growth Negatives: No obvious negatives Access Bank’s Q1 2017 results which have just been published came in strong. PBT of N31bn grew 38% y/y while PAT grew much faster (+66% […]
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Total Oil Nigeria Plc 2016 Review: Performance of Major Oil Importer Impressive Despite Economic Headwinds…
April 27, 2017/Cowry Asset Research In 2016, Total Oil Nigeria Plc recorded an impressive year-on-year financial performance, beating industry peers despite economic headwinds – an economic recession, scarce foreign exchange and rising inflation. Turnover increased by 38.24% to N290.95 billion while profit after tax spiked by 319.91% to N14.79 billion… […]
Guinness Nigeria records 29% growth in revenue in Q3
April 27, 2017/Guinness Nigeria Plc Guinness Nigeria Plc, the nation’s leading alcoholic beverage manufacturer and a subsidiary of Diageo Plc, has released its unaudited results for the nine months ended 31 March, 2017. The results detail revenue growth of 29% and a 6% increase in gross profit when compared to […]
