Results & Dividends

SEPLAT Reports Q4 2017 Results; Records Strong Recovery in Profitability

Culled—Proshare February 28, 2018/FBNQuest Research    Event: Seplat Petroleum Development Company reports Q4 2017 results Implications: Upward revisions to consensus 2018 PBT forecast likely Positives: Strong recovery in profitability. Q4 sales up 318% y/y to US$174m while Q4 PBT of US$46m compares with a loss before tax of -US$85m in […]

Total Nigeria Plc – Fairly resilient earnings for a tough FY”17

Culled—Proshare 27/2/2018/Vetiva  EPS slumps y/y but still ahead of estimate Final dividend of ₦14.00/share takes total dividend to ₦17.00/share Full liberalization remains biggest upside to earnings FY’18 earnings to normalize, valuation supported by strong cashflow  EPS Slumps Y/Y But Still Ahead Of Estimate TOTAL reported a 46% y/y drop in […]