As the earnings season unfurls, more release of financial statements by corporate Nigeria is helping to unmask the latent value in the earnings sources of sectors as disparate as telecoms, conglomerate, oil and gas, manufacturing and even agriculture.
Even though financial performance has been broadly impressive in the first nine months of the year, a couple of sectors have been particularly impressive. In an economy facing a revenue squeeze, the deciding factor for most smart investors will still remain watching out for companies with strong earnings prospects.and other potential, adopting key analytical approaches to save you the hassle of randomly picking equities for investment.
The selection, a product of analytical market watch, offers a guide to entering the market and taking strategic positions in hopes that equities will gain value with the passage of time, particularly in the short term. This is not a buy, sell or hold recommendation. You may have to involve your financial advisor before taking investment decisions.Airtel tops this week’s list for the twin factors of posting a more than twofold rise in after-tax profit for the nine months to September and for deciding to pay its shareholders an interim dividend of 2 cents per share.
Unity Bank makes the pick by virtue of its strong earnings performance for the nine months to September during which profit grew by roughly a quarter and revenue by 7 per cent.