Culled—Proshare July 26, 2017/FBNQuest Research 19% Increase to Our PT; Upgrading to Outperform We upgrade our recommendation on Lafarge Africa (Lafarge) to Outperform from Neutral following its stellar Q2 2017 results which surprised positively. Although PBT was in line with our forecast, PAT beat soundly (by 260%), largely due to […]
Results & Dividends
LafargeHolcim reports continued earnings growth in Q2
July 26, 2017/LafargeHolcim Net sales up 3.6% like-for-like in the quarter Operating EBITDA Adjusted increased 10.1% like-for-like driven by pricing, cost discipline and synergies Recurring Net Income increased to CHF 700 million; Recurring Earnings Per Share up 23.4% to CHF 1.16 Net debt reduced by CHF 2.4 billion compared to […]
Lafarge Africa Plc H1’17 Results – Earnings Beat on Strong Q2 Numbers
Culled—Proshare July 25, 2017/Vetiva Research · H1’17 revenue up 44% y/y but down 10% q/q · EBITDA margin rises 200bps q/q driven by pricing and fuel efficiency · Tax credit drives 180% q/q PAT rise · Target Price revised to ₦79.26 (Previous: ₦77.32) Q2 Bottom Line Supported By Massive Tax […]
