Culled—-Proshare August 5, 2016/FBNQuest Research Maintaining Underperform rating despite rolling over to 2017E Although Fidelity Bank’s (Fidelity) Q2 2016 PAT beat our forecast by 27%, the positive surprise was solely due to a positive result on the other comprehensive income (OCI) line. The underlying results showed that PBT missed our […]
Results & Dividends
ASHAKACEM Post 54.1% Decline in H1 2016
By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc on Friday said its profit after tax (PAT) for the period first-half (H1) ended June 30, 2016 declined 54.1 percent to N1.63 billion from N3.55 billion a year ago. Similarly, profit before tax (PBT) of the company dropped 63.2 percent to N1.53 […]
LafargeHolcim reports Q2 2016 results
August 5, 2016/LafargeHolcim Pricing and synergies drive improvements in operating margins and earnings Adjusted operating EBITDA margin up 210bps to 23.4% in Q2 Adjusted operating EBITDA up 6% like-for-like in Q2 Net sales of CHF 7.28 billion in Q2, 2% lower on a like-for-like basis Solid operating Free Cash Flow […]
