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 […]
Results & Dividends
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 […]
Seplat Petroleum Devt Company Q4 2016 & Q1 2017 Results Review – A Change in Fortunes on the Cards
Culled—-Proshare June 5, 2017/FBNQuest Research Outperform rating maintained Seplat Petroleum Development Company’s (Seplat) Q1 2017 results were hurt by disruptions to the third-party operated Trans Forcados System (TFS), the company’s major export pipeline route. Seplat posted a loss before tax of –US$18.3m. This marked the fifth consecutive quarter of losses. […]
