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 […]
Results & Dividends
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 […]
Dangote Sugar Refinery Q4 2017 Results Review – Lower Input Costs to Drive Earnings in 2018
Culled—Proshare April 16, 2018/FBNQuest Research Neutral rating maintained Dangote Sugar Refinery’s (DSR) Q4 2017 earnings of N13.3bn were up 210% y/y and well ahead of our estimate. Looking ahead, we have retained our capacity utilisation forecast of 55% for the Lagos Refinery because we are more assured of relatively improved […]
