Culled—Proshare March 27, 2018/FBNQuest 10-12% cut to our 2017-18E EPS forecast and price target Access Bank’s (Access) 2018 ROE guidance of 20% implies that the bank would have to deliver PAT growth of c.13% y/y to c.N110bn. On its conference call, management was confident that a reduction in funding cost […]
Results & Dividends
Dangote Cement Plc: Tax cracks on earnings outlook
March 27, 2018/Cordros Report Update: We update on DANGCEM, following the surprise effective tax rates (ETRs) of c.30% and 84% reported in 2017FY and Q4-17. On net, we increase our estimate for group ETR for 2018-2019E to 14% (previously 11%) and for 2020E and beyond to 33% (previously 12%). Net […]
Cement Company of Northern Nigeria Says 2017 Pretax Profit up 141.4%, Offers N1.25 Dividend
ByInvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Cement Company of Northern Nigeria Plc (CCNN) (Sokoto Cement) on pretax profit for the period ended December 31, 2017 rose 141.4 percent to N4.20 Billion from N1.74 posted a year ago. Post-tax profit of the company in the review period increased 157.1 percent to N3.22 billion […]
