February 28, 2019/Cordros Update Event: DANGCEM just published 2018FY results, reporting a strong EPS growth of 95.9% y/y to NGN22.83 (Consensus estimate: NGN13.46). The group reported FY-18 EBITDA growth of 12.1% y/y. Management declared DPS of NGN16.00, which translates to a yield of 8% on current share price. On Q4-18 […]
Results & Dividends
Dangote Cement Says 2018 PAT Up 91.1%, Increases Dividend by 52.38%
February 27, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s most capitalised quoted company, Dangote Cement Plc said on Wednesday its profit after tax (PAT) for the period ended December 31, 2018 grew 91.1 percent to N390.32 billion from N204.24 billion recorded a year ago. Similarly, profit before tax (PBT) inched up 3.9 […]
Nigerian Breweries Q4 2018 Results Review: Sustained Competition Still A Drag
Culled—Proshare February 22, 2019/FBNQuest Research Slight cuts to price target and EPS estimates Nigerian Breweries’ (NB) Q4 2018 earnings missed our forecasts because of negative surprises in gross margin and net interest expense. The results suggest that headwinds were most pressing in 2018, as NB recorded its worst sales (-6% […]
