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 […]
Results & Dividends
Newrest ASL Nigeria Offer Investors 18 kobo Final Dividend in 2017
March 26, 2018/NSE Newrest ASL Nigeria Plc hereby announce as follows: Proposed Dividend: A Final Dividend of 18 Kobo per 50 Kobo ordinary share, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business […]
Dangote Cement Q4 2017 Results Review: Maintaining Neutral Rating
Culled—-Proshare March 26, 2018/FBNQuest Research Price target up slightly despite 7% avg. cut to our EPS forecasts Dangote Cement’s (DangCem) Q4 2017 PBT was broadly in line with our forecast. However, PAT surprised negatively because of a higher-than expected tax rate of 84% (vs. our 11% estimate) and a negative […]
