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 […]
Results & Dividends
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 […]
Lafarge Africa: 2017FY ends with a disappointing Q4, and broadly, H2 performance
April 9, 2018/Cordros Report Update: LAFARGE published disappointing Q4-17 and 2017FY results over the weekend. A loss after tax of NGN34.6 billion was reported for the full year, resulting from a disappointing H2 wherein losses of NGN35.5 billion and NGN18.8 billion were respectively recorded in Q4 and Q3. Actual EBIT […]
