August 17, 2016/Cordros Research Guaranty Trust Bank Plc (GUARANTY) just released its HY’16 earnings report. Annualized earnings per share was N5.48 (HY’15: N3.76), significantly higher than both consensus and our estimates of N3.58 and N3.67 respectively. The bank also declared an interim dividend of N0.25 (HY’15: N0.25) with a closure […]
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NSE Sustains Bullish Run, Benchmark Index Gain 0.18%
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday sustained its bullish momentum as the all=share index (ASI) gained 0.18 percent to close at 27,437.25 points. “Today’s proceedings trimmed the Month-to-Date and Year-to-Date losses to 2.04 percent and 4.21 percent respectively,” Cordros daily market update affirmed. At the close […]
Transnational Corporation of Nigeria – FX Losses Undercut Strong H1’16 Revenue
Culled—–Proshare August 17, 2016/CardinalStone Research Transnational Corporation of Nigeria Plc held a conference call on its H1’16 performance recently. Please see below the group’s H1’16 performance update and key highlights from the call. Transcorp Hotel remained resilient through economic headwinds The hotel subsidiary demonstrated impressive resilience and strength in what has […]
