July 27, 2019/Cordros Report Event: MTNN recently published H1-19 results, with EPS growth of 34.8% y/y, driven by increased revenue, gross margin expansion, and a lower effective tax rate. The EPS achieved missed our estimates (annualized) for the six months period by 4% majorly due to a positive surprise on […]
Results & Dividends
Lafarge Africa Plc | Journey to Profit on Track – TP Upgraded
July 27, 2019/Cordros Report We update on Lafarge Africa PLC following H1 19 results and conference call, and retain our ‘BUY’ rating on the stock. Having confirmed that the disengagement with Lafarge South Africa Holdings Limited (LSAH) will be completed at the end of July 2019, we have revised our […]
Lafarge Africa Plc Q2 2019 Results: Setting The Ladder
July 24, 2019/InvestmentOne Report § Marginal Improvement in Turnover: up 4.17% q/q, 0.17% y/y. § Improving gross margin performance: up 442bps q/q, 191bps y/y. § Declining OPEX/Sales ratio: down 199bps q/q, down 292bps y/y. § Rising PBT Margin: up 1103bps q/q, 1535bps y/y. Lafarge Africa published its Q2 2019 results […]
