March 1, 2018/AETOSWIRE By InvestAdvocate Lagos (INVESTADVOCATE)-Groupe PSA, French multinational manufacturer of automobiles and motorcycles said Thursday that its revenue for 2017 financial year end (FYE) grew 20.7 percent to of €65.2 billion (or 65,210 million euros) compared to €54,030 million (or 54 billion euros) in 2016. The company touted […]

Culled—Proshare February 28, 2018/ARM Research  Earnings braced by Tax Credit Seplat Petroleum Development Company Plc. (SEPLAT) reported its full-year 2017 result this morning. In contrast to prior year masked by losses, the company returned to profitability, with a robust cash flow position. Much of this recovery reflected the lifting of […]

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 […]