March 29, 2021/United Capital Report Exemplifying recovery Dangote Cement Plc (“DANGCEM”, “The Company”) reported FY-2020 results on 23rd March. Despite the pandemic-induced disruption to its activities, Group Revenue increased 16.0% y/y to N1.03trn, driven by strong growth in sales volume (+8.6% to 25.7Mt), particularly in Nigeria. The company also weathered […]
Results & Dividends
Dangote Cement Plc FY/Q4 2020 Initial Impression: A Scintillating Performance
March 26, 2021/InvestmentOne Report · Turnover Performance: down by 4.16% q/q, up by 28.73% y/y. · Gross margin performance: down by 370bps q/q and 169bps y/y. · OPEX/Sales ratio: up by 46bps q/q, down 565bps y/y. · PBT Margin Performance: jumped to 37.16% from 24.92% in Q4 2019 but down from 38.34% […]
Guaranty Trust Bank Plc FY-2020: Staying Resilient in a Turbulent Year
March 26, 2021/United Capital Report Staying resilient in a turbulent year Earlier, Guaranty Trust Bank (“GUARANTY” or “The Bank”) released its FY-2020 results, showing a 4.6% y/y increase in Gross Earnings (GE) to N455.2bn, amid pressure on interest and non-interest income due to the extreme regulatory environment and weak economic activities occasioned by […]
