Production, operating costs decline Dangote Sugar’s EPS by 12.1% y/y
Recently published nine months results of Dangote Sugar at the floor of the Nigerian Stock Exchange (NSE) have shown that the company’s EPS declined by 12.1% y/y. The earnings underperformance was mainly due to the unrelenting pressure stemming from production…
NB’s 9M-19 results show positive impacts on EBIT by stronger gross margin
More details have emerged from the recently released nine month results (9M-19) of Nigerian Breweries Plc indicating that even though the EPS decline of 17.0% y/y, for the three months ended September (Q3-19), the company recorded a much lower loss…
Zenith Bank’s unaudited 9M-19 results show 4.5% y/y jump in profitability
Recently released Zenith Bank Plc’s unaudited 9M-19 results, which analysts at Codros Capital and others say are in line with expectations, see gross earnings grew by 3.5% y/y with supports by non-funded income as interest income growth has remained weak…
FBNH unaudited 9M-19 results see capital adequacy levels below statutory limit
FBNH recently released unaudited 9M-19 numbers, which was decent and generally in line with expectations. Gross earnings declined moderately by 0.4% y/y, while profitability increased by 15.3% y/y given the decline in credit impairment charges. Nonetheless, the Holdco’s result showed…
GTBank’s 9M-19 shows earnings decline as profitability expands
Guaranty Trust Bank Plc released unaudited 9M-19 numbers this week, showing that the bank’s performance has not been adversely affected as of yet. The result was in line with expectations as gross earnings declined while profitability expanded moderately. The performance…
New CBN’s LDR policy may push up recovering NPLs in 2020—Codros Capital
Whereas , the non-performing loans (NPL) dipped by 14.1% q/q, thereby setting the stage for a 148 bps decline in the sector’s NPL ratio to 9.3% (Q1-19: 10.8%), , this is the first time sector NPLs have settled in the…
Analysts at Codros Capital, others see planned MTN offer as game changer
Just as MTN group is gathering momentum to hit the Nigerian Stock Exchange (NSE) for listing and its Initial Public Offer (IPO) as soon as possible, feelers from market pundits had been in the greens. Already, the telecom giant has…
