October 19, 2018/NSE Please refer to Fidelity Bank’s Insider Trading Policy and be advised that all Insiders (including Directors, Staff and members of The Statutory Audit Committee) and their Connected Persons (including immediate family members and close dependants) are prohibited from Trading (i.e. buying, selling, Transferring or otherwise dealing) in […]
Results & Dividends
Okomu Oil Palm Plc: Disappointing 9M-18, Q1-18 Performance Now a Pie in the Sky
October 19, 2018/Cordros Report OKOMUOIL released Q3-18 result earlier today, showing revenue dropped 9% y/y to NGN3.74 billion, while post tax profit surged 7.2x y/y to NGN1.3 billion, translating to an EPS NGN1.36 (Q3-17: NGN0.17). Whilst revenue came in short of our expectation, we highlight that the sharp jump in […]
Lafarge Africa Plc; Journey to Profit in 2019 – More Ground to Cover!
October 19, 2018/Cordros Report LAFARGE published 9M-18 results this week, with higher-than-expected after tax loss in Q3-18. We have increased our loss after tax estimate for 2018E to NGN9.12 billion (from NGN4 billion) to adjust for the miss in Q3, and as we look for lower net profit in Q4 […]
