Culled—Proshare July 29, 2016/FBNQuest Research Event: Mobil Oil Nigeria (Mobil) reports Q2 2016 results Implications: Upward revision to consensus 2016 estimates expected Positives: Q2 sales of N27.6bn up 80% y/y; PBT up 87% y/y to N3.8bn Negatives: No obvious negatives Late yesterday, Mobil reported Q2 2016 results which showed impressive growth […]
Results & Dividends
Profit Warning: Caverton Offshore Says Q2’16 Profit to be Lower Due to Naira Devaluation
July 29, 2016/NSE Caverton Offshore Support Group Plc the leading provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria expects to report materially lower earnings for the period ending 30th June 2016 largely due to the unavoidable impact of the recent Naira […]
Dangote Cement Shares Outperform the ASI; Gains 5.9% YTD as PBT Grows by 20% in Q2’16
Culled—Proshare July 28, 2016/FBNQuest Research Event: Dangote Cement reports Q2 2016 results Implications: Likely upward revisions to consensus 2016 PBT forecast Positives: PBT and PAT grew 20% y/y and 132% y/y respectively Negatives: Gross margin declined by 1585bps to 49.2%, largely due to lower pricing and high fuel cost This […]
