Central Securities Clearing System Plc (“CSCS”, the “Company” or the “Group”), (NASD Ticker: SDCSCSPLC) announced its Audited 2020 Financial Results. Amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Group grew total income by 31.3% year-on-year (YoY) to N12.09 billion. With profit after tax of N6.93 […]
Results & Dividends
Dangote Cement Q4 2020 Results Review: Bullish Outlook for ’21f Driven by Capacity Addition
April 15, 2021/Proshare by FBNQuest Research Negligible changes to our EPS forecasts over the ’21-22f period DangCem delivered strong Q4 ’20 results with earnings up +55% y/y to N86.8bn. However, we have made negligible changes to our EPS forecast over the ’21-22f period because Q4 figures were broadly in line […]
UACN Q4 2020 Results Review: Restructuring Initiatives Remain Supportive
April 14, 2021/Proshare by FBNQuest Research Slight increase to our EPS forecasts over the ’21-22f period We have raised our ’21-22f EPS forecasts by 4.4% due to UACN‘s impressive FY ’20 results. We have equally increased our price target by 6% to NGN12.6 from NGN11.9 and maintained our Outperform rating. […]
