May 2, 2017/Mastercard Martina Hund-Mejean This morning, Mastercard announced its financial results for the first quarter. During our conference call with the financial community, we highlighted strong volume and transaction growth. In addition to solid performance in the quarter, we also announced the completion of two acquisitions. They complement and […]
Results & Dividends
Dangote Sugar Refinery Plc | First Glance: Q1-17 PAT; Growth As Expected; Management Misses on Margin Target
May 2, 2017/Cordros Research Click here for PDF Report Dangote Sugar Refinery Plc released Q1-17 result last Friday, recording revenue (82.5% y/y), EBITDA (13.8% y/y), and PAT (42.5% y/y) that are well ahead of Q1-16. Revenue and PAT beat our estimates by 16% and 8% respectively. Annualized, revenue and PAT […]
First Glance: EPS Beats Consensus’ as Higher Yields Drove Interest Income Northwards
May 2, 2017/Cordros Research Click here to download PDF Report Zenith Bank Plc (ZENITHBANK) published Q1-2017 result last week, reporting double-digit growth across most line items – gross earnings surged 48.58% y/y and 15.74% q/q, supported by impressive growth in interest income (+40.29% y/y and 19.43% q/q) and non-interest income […]
