Culled—Proshare 17/4/2018/Vetiva Research • Revenue up 8% y/y, supported by Food and Paints segments • High production, operation and finance costs derail margins • FY’17 PAT clocks in 59% weaker than Vetiva estimate • Board announces FY’17 dividend/share of ₦0.65 (FY’16: ₦1.00) FY’17 PAT moderates 79% y/y as cost pressures bite Despite an 8% […]
Results & Dividends
Sterling Bank Says 2017 Pretax Profit up 43.5%, Offers 2 Kobo per share Dividend
By InvestAdvocate Lagos (INVESTADVOCATE)-Sterling Bank Plc said on Monday its pretax profit for the period ended December 31, 2017 grew 43.5 percent to N8.60 billion from N5.99 billion posted a year ago. Profit after tax (PAT) of the lender increased 65.1 percent to N8.52 billion from N5.16 billion declared in […]
Presco Plc Q4 2017 Results Review – Surprise Increase in Opex Offset Q4 Revenue Growth
Culled—Proshare April 16, 2018/ARM Research Full-year 2017 result of Presco Plc. (Presco) revealed improvement in core operating performance on the back of strong growth in sales (+42.3% YoY to N22.4 billion) and improved margins (+146bps YoY to 73.4%). However, lower gains on biological assets (N2.8 billion versus N24.9 billion in […]
