Culled—Proshare May 2, 2017/FBNQuest Research Event: Dangote Sugar Refinery reports Q1 2017 results Implications: Positive reaction by the market likely Positives: Q1 sales of N59.5bn grew 83% y/y and 9% q/q respectively Negatives: Gross margin contraction of -758bps q/q to 13.2% Late last week, Dangote Sugar Refinery (DSR) published its Q1 […]
Results & Dividends
Access Bank Plc Records Strong Double Digit Revenue Growth in Q1 2017
Culled—Proshare 27/4/2017/FBNQuest Research Event: Access Bank reports Q1 2017 results Implications: Consensus earnings estimates likely to move up Positives: Strongly double-digit revenue growth Negatives: No obvious negatives Access Bank’s Q1 2017 results which have just been published came in strong. PBT of N31bn grew 38% y/y while PAT grew much faster (+66% […]
Total Oil Nigeria Plc 2016 Review: Performance of Major Oil Importer Impressive Despite Economic Headwinds…
April 27, 2017/Cowry Asset Research In 2016, Total Oil Nigeria Plc recorded an impressive year-on-year financial performance, beating industry peers despite economic headwinds – an economic recession, scarce foreign exchange and rising inflation. Turnover increased by 38.24% to N290.95 billion while profit after tax spiked by 319.91% to N14.79 billion… […]
