Results & Dividends

Dangote Cement Records 12.6% Increase in Sales Volume in H1’17

July 31, 2017/Dangote Cement Plc Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase […]

UAC of Nigeria Reports Q2 2017 Results – Sales Grew by 23% YoY to N23.5bn

Culled—Proshare 28/7/2017/FBN Capital Research Event:                       UAC of Nigeria (UACN) reports Q2 2017 results Implications:        Downward adjustments to consensus 2017E EPS forecast likely Positives:                Sales grew 23% y/y to N23.5bn Negatives:               PBT declined -63% y/y to N805m; PAT down -37% to N450m This afternoon, UAC of Nigeria […]

Nigerian Breweries Q2 2017 Results – PBT and PAT Grew By 58% & 43% YoY Respectively

Culled—Proshare July 28, 2017/FBNQuest Research Event:                       Nigerian Breweries reports Q2 2017 results Implications:          Upward revisions to consensus FY 2017 PBT forecast likely Positives:                 PBT and PAT grew by 58% y/y and 43% y/y respectively Negatives:               No obvious negatives Earlier this afternoon, Nigerian Breweries (NB) published […]