Culled—Proshare May 10, 2017/FBNQuest Research Potential EPS dilution likely to weigh on sentiment Lafarge Africa’s (Lafarge) Q1 2017 results showed that although PBT missed our forecast by around 10%, PAT came in well ahead (+96.9%), thanks to a positive surprise of N9.3bn in other comprehensive income (OCI). Following the results, […]
Results & Dividends
Diamond Bank Q4’16 and Q1’17 Results Review – Upgrading to Neutral Post Sell-off
Culled—Proshare May 10, 2017/FBNQuest Research Earnings estimates raised, but not as much as guidance implies Following Diamond Bank’s Q4 2016 & Q1 2017 results, we have increased our 2017E PBT forecast by 39% to N12.2bn. This estimate is considerably below management’s guidance of c.N20bn because of our conservative cost of […]
NASCON new products to boost revenue, profitability
May 9, 2017/NASCON Executive Director Commercial of NASCON Allied Industries Plc, Fatima Aliko Dangote has expressed delight at the expected significant increase in both turnover and profitability of the company, as a result of the proposed new products, to be released to the market before the end of this year. In […]
