March 20, 2018/NSE Following the preliminary review of CWG Plc’s (“the Company”) Financial Statements for the year ended 31 December 2017, it is expected that the estimated earnings and year-end financial projections will be materially lower in comparison to the prior year financials. The reduction in earnings is predominantly a […]
Results & Dividends
Dangote Cement Reports Q4 2017 Results – Sales and PBT Up By 17% YOY and 116% YOY Respectively
Culled–Proshare March 20, 2018/FBNQuest Research Event: Dangote Cement reports Q4 2017 results Implications: Upward revisions to consensus 2018 PBT forecast likely Positives: Sales and PBT up by 17% y/y and 116% y/y respectively Negatives: After-tax loss of –N16.1bn due to negative surprise in OCI This afternoon, the NSE published Dangote Cement’s […]
Dangote Cement Plc. | First Glance: 2017FY profit grew by 43%; NGN10.50 dividend proposed (vs. NGN8.50 in 2016FY)
March 20, 2018/Cordros Update DANGCEM just published 2017FY results. Group revenue of NGN805.6 billion (+31% vs. 2016FY) and PAT of NGN204.3 billion (+43% vs. 2016FY) are behind Bloomberg consensus’ NGN810.4 billion and NGN249.9 billion, respectively. EBITDA came in at NGN388.2 billion, +51% vs. 2016FY, and ahead of consensus’ NGN380.3 billion […]
