Results & Dividends

Union Bank Announces Delay in Release of 2017 Audited Accounts

April 3, 2018/NSE This is to inform the Nigerian Stock Exchange (NSE), esteemed shareholders and other stakeholders that Union Bank of Nigeria PIC will release its 2017 Audited Financial Statements later than the 31st March, 2018 as required by NSE rules, due to the ongoing finalization of the Bank’s audited […]

Improved Margins Of Dangote Sugar Refinery Underpin Solid Earnings Growth in FY 17, Rated Overweight

Culled—Proshare April 3, 2018/ARM Research Dangote Sugar Refinery (Dangsugar) finished its financial year 2017 on a high note with its recently released full year results revealing impressive earnings of N39.8 billion which almost tripled its performance in 2016 and translates to earnings per Share (EPS) of N3.31 (FY 16: N1.20).  […]

PZ Reports Q3 2018 Results – Shares Have Gained 10.9% YTD vs 8.5% YTD for the ASI

Culled—Proshare March 29, 2018/FBNQuest Research  Event: PZ Cussons Nigeria reports Q3 2018 (end-Nov) results Implications: Negative reaction expected by the market Positives: Q3 PBT and PAT up 5% q/q and 6% q/q to N1.1bn to N668m respectively Negatives: Sales declined -7% y/y to N22.1bn while PAT fell -64% y/y Today, […]