We track, analyze and update investors on the financial performance of listed companies, which measures the level of value created for shareholders. Financial performance (good or bad) should reflect in the share price of a listed company in the medium to long-term. We would dig deeper to discover and understand the “facts behind the figures". These are our opinions and should not be misconstrued as financial advice or recommendations.
Unilever's revenue fell by 1.1%y/y to GHS373.56 million due to slowdown in economic activity and its adverse impact on consumer spending. Ghana's GDP growth is expected to drop to a 26-year low of 3.3% in 2016 from 3.9% in the p
Revenue growth remains healthy despite slowdown in economic growth: Fan Milk has reported 24.1%y/y growth in revenue to GHS275.27 million for the nine months ending September 2016 (9M-2016) on the back of a strong distribution n
CAL Bank's profit after tax fell by 23.3%y/y to GHS90.92 million for the first nine months of 2016 (9M-2016) on the back of lower net trading income and higher operating expenses.
Doobia looks at PZ Cussons' earnings figures for the first quarter of the 2017 financial year. Revenue dropped by 16.9%y/y to GHS24.92 million in Q1 2017 from GHS29.97 million in Q1 2016 as a result of increased competition in the consumer goods sector and strong marketing investments by competit
PBC Limited's (PBC) announcement of a net profit of GHS11.78 million for 9M2016 (vs a net loss of GHS4.84 million for 9M2015) is unlikely to significantly boost investor confidence in the company whose market valuation has dropped by 70.0% so far in 2016. While PBC has returned to profitab
Fan Milk reported modest PAT growth of 17.2%y/y to GHS30.04 million in 1H2016 on the back of 25.8%y/y rise in revenue to GHS183.03 million, driven by improved electricity supply and the relative stability of the cedi, which depreciated by about 3.3% in 1H2016 vs. 26.2% in 1H2015.
Benso Oil Palm Plantation Limited (BOPP) has reported strong revenue growth of 40.8%y/y to GHS43.10 million in 1H2016 compared to a growth of 3.3%%y/y registered in 1H2015. The strong revenue growth came from 2 factors; increased productivity emanating from the company's productivity improvement
Standard Chartered Bank Ghana Limited (SCB) announced 105.0%y/y growth in PAT to GHS149.58 million on the back of better operating efficiency and improved yield on assets. However, asset quality issues remain.
The bank's decision to adopt a lean and efficient strategy contributed to the
CAL Bank's profit after tax fell by 15.7%y/y to GHS66.27 million for the first half of 2016 despite sustained growth in gross revenue by 12.7%y/y to GHS338.82 million. The drop in earnings was attributable to lower net trading income and higher operating expenses.
The bank's net trading
GCB Bank, a leading indigenous tier 1 bank operating a retail-based strategy in Ghana, has reported modest net earnings growth of 24.1%y/y to GHS187.56 million for the first half of 2016 compared with a growth of 28.9%y/y to GHS151.17 million in 1H 2015, driven by improvement in asset quality and