Culled—Proshare October 23, 2017/FBNQuest Research Implications: Neutral to slightly positive reaction from the market likely Positives: Sales of US$147m up 146% y/y and 74% q/q, boosted by a significant (+292% y/y) rise in oil sales Negatives: Net finance costs up 10% y/y to US$20m This morning, Seplat Petroleum Development Company (Seplat) […]
Results & Dividends
Dangote Cement Plc – On Track for Strong FY Close; Quarterly Decline Worrying
Culled—-Proshare October 23, 2017/Vetiva Research · Records 45% y/y increase in PAT to ₦193 billion · Coal usage across plants now over 50% · Noticeable downtrend in quarterly performance amidst low volume roll out · Valuation revised, TP cut to ₦234.90 Strong Prices Continue to Drive Impressive Revenues DANGCEM reported […]
Fidelity Bank Grows Profit by 65.1% As Profit before Tax Hit N16.2bn in Q3, 2017.
October 23, 2017/Fidelity Bank Plc Following its impressive half year audited financial results, top Nigerian bank, Fidelity Bank has again posted another impressive financial performance for the 9 months period ended September 30, 2017. Details of the lender’s 9 months financial results, released at the Nigerian Stock Exchange (NSE) today […]
