Culled—-Proshare July 28, 2016/FBNQuest Research Event: UAC of Nigeria (UACN) reports Q2 2016 results Implications: Slight changes to consensus 2016 EPS forecast expected Positives: Limited; PBT grew by 12% y/y, though expected Negatives: PAT declined -5% y/y and -10% q/q resp. on the back of a higher tax rate of […]
Results & Dividends
Dangote Cements Reports N103.4 Billion PAT in H1 2016
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s most capitalised listed company and cement manufacturer, Dangote Cement Plc on Thursday reported a profit after tax (PAT) of N103.4 billion for the period ended June 30, 2016 compared to N121.8 billion recorded a year ago. Also, the company declared a profit before tax (PBT) of […]
SEPLAT Records N13 Billion Loss in H1’16
By InvestAdvocate Lagos (INVESTADVOCATE)- First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Thursday declared a loss after tax of N13 billion in its half-year (H1) period ended June 30, 2016 compared to N8.0 billion recorded a year ago. Similarly, Seplat reported a loss […]
