June 30, 2017/Codros Research the Securities and Exchange Commission (SEC) has confirmed the deadline for the issuance of physical dividend warrants as 30th June, 2017. Further to the above, physical warrants will no longer be issued to investors/shareholders in the capital market. Hence, all investors must have valid e-dividend mandates […]
Results & Dividends
International Breweries Plc Reports Q4 2017 Results – Operating Expenses Grew by 115% YoY
Culled—Proshare June 12, 2017/FBNQuest Research Event: International Breweries reports Q4 2017 (end-Mar) results Implications: Upward revisions to consensus 2018 forecasts likely Positives: Sales, PBT and PAT grew 47% y/y, 89% y/y and 56% y/y respectively Negatives: Operating expenses grew 115% y/y; came in 11% ahead of our estimates Late last […]
Lafarge Africa shareholders approve N5.8bn dividend
June 12, 2017/Daily Trust By Sunday Michael Ogwu Undeterred by the economic challenges faced in 2016, the board of Lafarge Africa Plc has offered its shareholders a dividend of N1.05 gross per share at its annual general meeting, amounting to N5.8billion, which represents 34.7 per cent of net income after […]
