By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Cement manufacturers, Dangote Cement Plc on Tuesday said its pretax profit for the period ended December 31, 2017 grew 60.1 percent to N289.59 billion from N180.92 billion recorded a year ago. Post-tax profit of the cement producer rose 43.0 percent to N204.24 billion from N142.85 […]
Results & Dividends
Cadbury Nigeria’s Repositioning Drive Yields Positive Results
March 20, 2018/Cadbury Nigeria Plc Cadbury Nigeria Plc today announced that its current efforts aimed at repositioning the company for improved efficiency have yielded positive results. The company’s revenue increased from N29.979 billion in 2016 to N33.079 billion in 2017, representing a 10 percent growth. Its profit after tax also […]
Stanbic IBTC Holdings Q4 2017 Results Review: Downgrading to Underperform
Culled—Proshare March 20, 2018/FBNQuest Research 8-10% cut to our 2018-19E EPS and price target Stanbic IBTC Holdings’ (Stanbic) Q4 2017 PBT missed our forecast by 22% largely due to negative surprises on provisions and opex. Consequently, we have cut our 2018-19E PBT forecasts by around 8% on average and our […]
