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 […]
Results & Dividends
Julius Berger Nigeria Plc- One-off Incomes Buoy Return to Profitability
Culled—Proshare March 26, 2018/Vetiva Research PAT outperforms estimate albeit underlying earnings remain weak Board declares FY’17 dividend of ₦0.25/share (FY’16: Nil) Cautious outlook on earnings amidst persistent operations downscaling FY’18 PAT estimate revised lower to ₦2.8 billion (Previous: ₦3.5 billion) TP relatively unchanged on improved cash position, lower risk-free rate […]
United Bank for Africa Plc – Resilience in the Face of Higher NPLs
Culled—Proshare March 26, 2018/ARM Research UBA’s FY 17 result disclosed EPS of N2.30 (+8% YoY) running slightly behind our estimate of N2.40 due to higher loan-loss provisioning and elevated bill from the taxman. Irrespective, earnings growth was supported by resilience in NIMs (+21bps YoY 5.8%) as well as strong trading […]
