Culled—Proshare April 18, 2017/FBNQuest Research Event: Presco reports Q4 2016 results Implications: Neutral to slightly positive market reaction expected Positives: Q4 2016 sales up 57% Negatives: Operating expenses up 48% y/y; gross margin contraction of -1,873bps y/y to 61.4% Presco reported its Q4 2016 results this morning showing sales growth […]
Results & Dividends
Update: Ecobank Reports N52.6 Billion Loss after Tax in 2016 End
April 18, 2017/NSE Ecobank reports audited full year 2016 results – Gross earnings down 6% $2.6 billion (up 23% to NGN 665.0 billion) – Operating profit before impairment losses down 0.5% to $735.1 million (up 29% to NGN188.6 billion) – Loss before tax $131.3 million ( Loss in NGN 33.7 […]
Update: Database of Non-mandated Accounts in the Nigerian Capital Market
13/4/2017/SEC The Securities and Exchange Commission (SEC) is pleased to notify the investing public that, as part of measures to curb the growth of unclaimed dividend in the Nigerian capital market, all investors are required to register for the payment of their dividends electronically (e-Dividend). To facilitate the e-Dividend registration exercise, the […]
