Investstock

3 Months Report ECOBANK PLC           2017 N'000 2016 N'000 change Year End Revenue 178,387,709 131,394,217 36% December Profit/Loss before taxation 22,894,662 20,629,792 11%   Profit/Loss for the period 18,681,786 16,206,308 15%   Issued Shares (Units) 18,349,551,215 18,349,551,215     Basic Earnings Per Shares (Kobo) 61.00 59.00 3%   Last total dividend paid (Kobo) 0.00 0.00     The summary of the result in the MD's words: Ade Ayeyemi, Group CEO, commenting on the financial results: “Our performance in the first quarter was encouraging despite continued macroeconomic headwinds. All of our businesses made meaningful progress in executing our strategy by continuing to focus on cost discipline, stringent credit risk practices, and digitis...

3 Months  OANDO PLC 2017 N'000 2016 N'000 change Year End Revenue 138,272,046 20,479,147 575% December Profit/Loss before taxation 647,034 20,700,824 -97% Profit/Loss for the period 1,711,703 4,101,357 -58% Issued Shares (Units) 9,084,685,738 9,084,685,738 Basic Earnings Per Shares (Kobo) 5.00 35.00 -86% Last total dividend paid (Kobo) 0.00 0.00 Oando Plc had simple turned a new leaf leaving only Conoil in that sector to have a rebirth. The Q1 result of Oando have some positive that can be considered worthy of note. The increase revenue may not be far from the relative peace now enjoyed in the Niger Delta. it increased revenue year on year by   575%, this however declined by 39.20% quarter on quarter reflecting its strong finish to 2016. PAT on the other hand declined by ...

3 Months Report PAINT AND COATINGS MANUFACTURES NIGERIA PLC           2017 N'000 2016 N'000 change Year End Revenue 888,793 716,431 24% December Profit/Loss before taxation 16,595 26,255 -37%   Profit/Loss for the period 11,284 17,853 -37%   Issued Shares (Units) 792,914,256 792,914,256     Basic Earnings Per Shares (Kobo) 1.00 2.00 -50%   Last total dividend paid (Kobo) 0.00 0.00     Paintcom released its Q1 2017 result to the Market and the performance of the Company outlined the challenges still facing that sector. In the coming days effort would be geared toward bringing the results of all the major quoted paint companies on the Nigeria Stock Exchange together. Revenue increased by 24% year on year and 7.25% quarter on quarter. On the ...

3 Months Report FIDELITY BANK PLC           2017 N'000 2016 N'000 change Year End Revenue 40,842,000 34,365,000 19% December Profit/Loss before taxation 4,849,000 4,025,000 20%   Profit/Loss for the period 4,316,000 3,583,000 20%   Issued Shares (Units) 28,974,797,023 28,974,797,023     Basic Earnings Per Shares (Kobo) 15.00 12.00 25%   Last total dividend paid (Kobo) 0.00 0.00     Fidelity bank grew its gross revenue by 19% year on year and PAT by 20% year on year. However, revenue declined by 1.92% quarter on quarter but PAT improved by 339.96% quarter on quarter. We hope Fidelity sustain this performance throughout the year. Further Analysis of the result shows that the bank is committed to loan and advancement as this increased to ...

3 Months Report LIVESTOCK FEEDS PLC           2017 N'000 2016 N'000 change Year End Revenue 3,122,559 2,091,393 49% December Profit/Loss before taxation 25,954 3,423 658%   Profit/Loss for the period 17,648 2,328 658%   Issued Shares (Units) 1,999,999,418 1,999,999,418     Basic Earnings Per Shares (Kobo) 9 1 633%   Last total dividend paid (Kobo) 0.00 0.00     Livestock Feeds out of the block with speed and we hope it sustain this through the year. Maybe if it continue at this trend we may see the first dividend in a long time. The year on year performance was trilling as its revenue grew by 49% and PAT by a whopping 658%. While quarter on quarter performance was down by  8.82% in terms of revenue and 60.80% in terms of PAT.  ...

3 Months Report  TOTAL NIGERIA PLC           2017 N'000 2016 N'000 change Year End Revenue 80,462,810 59,704,845 35% December Profit/Loss before taxation 4,250,361 3,843,316 11%   Profit/Loss for the period 2,671,515 2,824,622 -5%   Issued Shares (Units) 339,521,837 339,521,837     Basic Earnings Per Shares (Kobo) 787.00 832.00 -5%   Last total dividend paid (Kobo) 0.00 0.00     Total Nigeria Increased revenue by 35% Year on Year and also increased by 13.72% year on year. In the same vein, PAT declined by 5% year on year and 16.13% quarter on quarter. There was heavy pressure on the cost of sales which was 88.75% of revenue in Q1 2017 against 85.09% in Q1 2016. A closer look at the result shows that Petroleum products contributi...

3 Months Report GUARANTY TRUST BANK PLC 2017 N'000 2016 N'000 change Year End Revenue 104,656,897 75,394,191 39% December Profit/Loss before taxation 50,392,075 30,675,985 64% Profit/Loss for the period 41,477,409 25,614,448 62% Issued Shares (Units) 29,431,179,224 29,431,179,224 Basic Earnings Per Shares (Kobo) 147.00 90.00 63% Last total dividend paid (Kobo) 0.00 0.00 GTBank Plc released its Q1 result with strong growth on all parameters year on year and quarter on quarter. Is this a golden year for GTBank? As it remains the Market delight. A closer look at the result shows that interest income grew by 52.73% , with major contribution coming from investment securities which returned 170% from what it was same period 2016. Interest expenses also jump up indicating that the funds were not cheap. It increased by 26.17%. There was...