Insights
Flour Mills of Nig. Plc – Core Business Activities Suffer as Bottom-Line Declines
The first quarter result released by Flour Mills of Nigeria Plc shows a setback in its top-line as core business activities disappointed. Revenue declined by 10.70% to ₦133.03 billion in Q1’19 (vs. ₦148.98 billion in Q1’18), due to disappointing performance in its Foods Segment, AgroAllied Segment and Packaging Segment.
Non-oil sector resurgence on the back of services sector’s recovery
Nigeria’s real gross domestic product (GDP) improved by 1.50% year-on-year in 2Q’18.
GT Bank – Result Meets Expectation as Non-Interest Income Lifts Earnings
n line with our projection, the H1’18 audited report published by Guaranty Trust Bank shows an improvement in its top-line as gross earnings increased by 5.58% to ₦226.63 billion in H1’18 from ₦214.10 billion reported in H1’17.
Glossary of Finance -Investment Terms
The process of assigning proportions of investible assets between different asset classes such as equities, Bonds, treasury bills etc as a diversification tool.
Zenith Bank – Earnings Below Expectation: Lower Provision for Loan Loss Saves the Day
The recently released H1’18 audited result by Zenith Bank Plc shows a decline of 15.31% in its gross earnings as it reduced to ₦322.20 billion (vs. ₦380.44 billion in H1’17).
Unilever Nigeria Plc – Moderate Operating Performance Supported by Higher Interest Income
Unilever Nigeria Plc reported another impressive performance in its H1’18 unaudited report published recently, as the revenue rose by 12.89% to ₦48.13 billion (vs. ₦42.63 billion in H1’17).
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