August 17, 2020/NSE Please refer to the announcement dated July 28, 2020 which notified the Nigerian Stock Exchange and the investing public of the Board Meeting of United Bank for Africa Plc. Please be informed that the Board of United Bank for Africa Plc at its meeting which held on […]
Results & Dividends
Dangote Cement Q2 2020 Results Review: West and Central Africa Export Push Underpins Growth
Culled—Proshare August 14, 2020 by FBNQuest Research Neutral rating maintained Dangote Cement’s (DangCem) Q2 2020 results surprised positively. Although sales were hurt in Nigeria and Pan Africa due to covid-related restrictions put in place in Q2, the impact of the pandemic was limited. In Nigeria, national cement sales volumes […]
Dangote Sugar Refinery Q2 2020 Results Review: Neutral Rating Maintained Despite Upside
Culled—-Proshare August 14, 2020 by FBNQuest Research Slight increases to average earnings forecasts Dangote Sugar Refinery’s (DSR) Q2 2020 results indicate that topline was driven more by pricing than volumes, which were up 8% y/y compared with naira sales growth of 32% y/y. That said, the price increases effected were […]
