June 12, 2017/Daily Trust By Sunday Michael Ogwu Undeterred by the economic challenges faced in 2016, the board of Lafarge Africa Plc has offered its shareholders a dividend of N1.05 gross per share at its annual general meeting, amounting to N5.8billion, which represents 34.7 per cent of net income after […]
Results & Dividends
Seplat Petroleum Devt Company Q4 2016 & Q1 2017 Results Review – A Change in Fortunes on the Cards
Culled—-Proshare June 5, 2017/FBNQuest Research Outperform rating maintained Seplat Petroleum Development Company’s (Seplat) Q1 2017 results were hurt by disruptions to the third-party operated Trans Forcados System (TFS), the company’s major export pipeline route. Seplat posted a loss before tax of –US$18.3m. This marked the fifth consecutive quarter of losses. […]
Presco Q4 2016 and Q1 2017 Results Review – Upgrading to Outperform
Culled—Proshare May 22, 2017/FBNQuest Research Earnings and price target revised upwards Presco reported better-than-expected Q4 2016 and Q1 2017 results, with double-digit sales growth in Q4 and triple-digit sales growth in Q1. The company is still benefitting from favourable government policy as well as its over 50% increase to prices […]
