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 […]
Results & Dividends
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 […]
United Bank for Africa Plc Q1 2017 Results Underpin Outperform Rating
Culled—Proshare May 2, 2017/FBNQuest Research 11% / 10% increase to our 2017-18E EPS / price target UBA has started the year strongly. The Q1 2017 PBT and PAT grew very strongly y/y and came in ahead of our expectations. As such we have increased our 2017-18E earnings forecasts by an […]
