7/8/2017/Proshare Markets Union Bank Plc held its H1’17 Investors and Analyst Conference Call Earnings Presentation. Proshare NG participated along with leading market analysts and professionals. In reviewing the operating environment, the bank stated that despite the decline in crude oil prices, sustained production levels maintained the external reserves value at […]
Results & Dividends
DANGSUGAR Plc -Target Price Upgrade on Strong H1’17 Earnings and margin Uplift
Culled—Proshare August 7, 2017/Elixir Research DANGSUGAR released its H1’17 results, showing a strong year-on-year (y/y) rebound in earnings and revenue growth. Continued cost control resulted in a sharp contraction in cost (including OPEX q/q) and lifted margins. We revised our target price higher to ₦15.87 (previous ₦8.49). The Board proposed […]
Dangote Cement Plc – Earnings Surge on Pricing, Improved Fuel Mix
Culled—-Proshare August 7, 2017/Vetiva Research · Strong bottom line driven by improved efficiency, strong pricing · Nigeria EBITDA margin soars to 66% · Nigeria volume to remain under pressure amidst strong pricing · Valuation revised amidst modifications to estimates Improved fuel mix, strong H1 revenue lift bottom line DANGCEM reported […]
