July 25, 2018/Cordros Report Update: We update on DANGSUGAR following the recent Q2-18 result, wherein revenue and net profit came behind Q2-17s at strong double-digits. Compared to our estimates, both revenue and net profit were lower by 14% and 13% respectively. Stronger gross margin minimized the effect of still-weak volume […]
Results & Dividends
Dangote Cement PLC H1 2018: On Track For a Strong FY’18 Performance
Culled—Proshare July 24, 2018/Vetiva Research Solid operations underline decent result DANGCEM released its H1’18 result, reporting a 3% y/y PAT growth to ₦113 billion vs. our ₦123 billion estimate. The earnings growth was supported by strong Nigerian and Pan African operations, with Group EBITDA rising 21% y/y to ₦246 billion […]
Lafarge Declares N3.90 Billion Loss in H1 2018
By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Lafarge Cement Wapco Nigeria Plc has recorded a loss after tax of N3.90 billion in the half-year (H1) period ended June 30, 2018 compared to a profit after tax (PAT) of N19.73 billion recorded the same period of 2017. The company posted a loss before […]
