March 9, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Salt refining company, NASCON Allied Industries Plc said on Friday its profit after tax (PAT) for the period ended December 31, 2017 grew 121.25 percent to N5.34 billion from N2.41 billion posted a year ago. In the same vein, pretax profit of the salt refiner […]
Results & Dividends
Nestle and Cadbury: What Makes the Difference
March 9, 2018/Cordros Capital I was on a local TV programme yesterday to discuss NESTLE’s already published 2017FY results. I also discussed my expectation of the soon-to-be released consumer goods companies’ results (DANGSUGAR, UNILEVER, and CADBURY). The presenter wasn’t quite convinced about the performance of consumer goods companies in 2017FY […]
MTN cuts 2018 dividend to manage debt
8/3/2018/Premium Times Oladeinde Olawoyin The Telecoms firm, MTN Group, on Thursday announced its decision to cut its 2018 dividend as a means of cutting debt. The firm, however, outlined increases in dividend in the next three to five years, a plan it described as a “progressive” dividend policy. The company […]
