April 1, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm, Oando Plc said on Monday its profit for the year ended December 31, 2018 rose 45.64 percent to N28.79 billion from N19.77 billion declared a year ago. Profit before tax (PBT) of the company declined -46.12 percent to N11.18 billion from […]
Results & Dividends
CCNN: Material Dilution Underpinned Steep Decline in Post-Merger EPS
April 1, 2019/Cordros Report Event: CCNN published its 2018FY results after last Friday’s trading session, showing the enlarged post-merger financial positions, following the completion of its merger with Kalambaina cement. The audited statements of the combined companies showed improvement across key lines, with revenue, PBT, and PAT expanding, on a year-on-year […]
Okomu Oil 2018FYE: Subdued Commodity Prices and Energy Bottleneck Dragged Earnings
April 1, 2019/Cordros Report Event: OKOMUOIL published 2018FY results, wherein revenue came in largely flat from a year ago. However, PBT and PAT declined by 7.2% y/y and 7.1% y/y to NGN10.34 billion and NGN8.50 billion, respectively. Despite the disappointing performance, the board proposed a final dividend of NGN3.00/s (2017FY: NGN2.50/s), […]
