Culled—Proshare April 10, 2018/Vetiva Research • FY’17 gross profit dips 3% y/y despite decent topline growth • Strong hold on OPEX, rental income lift operating earnings 11% higher • Bottom-line declines 8% y/y on ₦2.2 billion extraordinary expense • Ongoing investment by new core investor to support margins • Valuation revised higher amidst lower risk […]
Results & Dividends
SKYESHELT Says Total Income Up 38.4%, Offers N8.00 Final Distribution Per Unit in 2017
By InvestAdvocate Lagos (INVESTADVOCATE)-Skye Shelter Fund, a real estate investment trust listed on the Nigerian Stock Exchange said on Monday its total income for the for the year ended December 31, 2017 climbed up 38.4 percent to N123.7 million from N89.4 million posted a year ago. Net income also increased […]
Lafarge Africa Reports a Pretax Loss of N35.1bn in Q4’17 Results; Driven by a Negative Gross Margin
Culled—Proshare April 9, 2018/FBNQuest Research Event: Lafarge Africa reports Q4 2017 results Implications: Downward revision to consensus 2018E PBT forecasts likely; shares expected to sell-off Positives: Sales up 29% y/y Negatives: Lafarge reported a pretax loss of –N35.1bn, driven by a negative gross margin of -9.5% and a spike in […]
