May 24, 2021/Proshare by FBNQuest Research Material cuts to our FY ’21f EPS forecasts and price target Fidelity Bank’s Q1 ’21 PBT beat our forecasts soundly. However, PAT missed because of a negative result of -NGN18.7bn in other comprehensive income (OCI) – due to fair value adjustments made to bond […]
Results & Dividends
Dangote Sugar Says Q1 2021 Post-Tax Profit up +30.3% to N8.30 Billion
By Evans CHARLES InvestAdvocate (Lagos INVESTADVOCATE)-Sugar refiner, Dangote Sugar Refinery Plc said on Friday its post-tax profit for the first quarter (Q1) period ended March 31, 2021 grew 30.3 percent to N8.30 billion from N6.37 billion recorded a year earlier. In the same vein, profit before tax (PBT) grew 25.6 […]
Lafarge Africa Q1 2021 Results Review: Negligible Changes to Our Earnings est. Over 2021-23f Period
May 21, 2021/Proshare by FBNQuest Research Downgrading to Neutral from Outperform Lafarge’s Q1 ’21 earnings grew 13% y/y to NGN71.5bn, supported by a 12% y/y rise in prices. Cement volumes were flattish y/y at 1.44 million metric tonnes (mmt) during the quarter as production capacity was limited by the scheduled […]
