Culled—Proshare August 4, 2016/FBNQuest Research Moving to Neutral post marked sell-off; still wary of n-term outlook Despite a material boost from fx trading income, Diamond Bank’s Q2 2016 PBT fell -35% y/y and missed our forecast by 13%. Excluding this fx trading income, Diamond likely recorded a pre-tax loss in […]
Results & Dividends
Dangote Sugar Refinery Plc Q2 16 – Interest savings on debt pay-down saves the day
Culled—-Proshare August 01, 2016/ARM Research Last Friday, Dangote Sugar Refinery Plc (DSR) released its unaudited H1 2016 result wherein PBT and PAT rose 13.8% YoY and 16.9% YoY to N11.2 billion and N7.4 billion respectively. Focusing on Q2, despite FX induced input cost pressures, which offset strong top-line growth, interest savings following […]
Oando Group Reports N66.8 Billion Loss before Tax in H1 2016
By InvestAdvocate Lagos (INVESTADVOCATE)-Oando Plc on Monday reported a loss before tax of N66.8 billion in the half-year (H1) of 2016 compared to N31.1 billion a year ago. Similarly, loss after tax for the period was N27 billion compared to N35 billion in the H1 period of 2015. Oando said […]
