April 11, 2018/NSE Lafarge Africa Plc (“Lafarge Africa” or “the Company”) hereby notifies The Nigerian Stock Exchange (“The Exchange”) and the general public that at the meeting of its Board of Directors held on Friday, 6th April 2018. The Board resolved that subject to the ratification of members at the […]

Culled—Proshare April 11, 2018/Vetiva Research  • Fuel segment earnings constrained by tough operating environment • Gross profit across all but Power segment down y/y • Net finance costs moderate 15% y/y despite sticky debt balance • PAT further supported by tax credit, beats estimate by 94% • Valuation revised lower amidst more cautious outlook on […]

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 […]