Culled—Proshare May 2, 2017/FBN Merchant Bank FBN Merchant Bank Limited, a subsidiary of FBN Holdings Plc. held its2ndAnnual General Meeting on Wednesday April 26 2017 in Lagos, where it declared a profit before tax (PBT) of ₦4.92 billion in the financial year ending December 31, 2016. This was 28% above […]
Results & Dividends
Earnings Review: Strong Start for 2017, Empowering the Future
May 2, 2017/Mastercard Martina Hund-Mejean This morning, Mastercard announced its financial results for the first quarter. During our conference call with the financial community, we highlighted strong volume and transaction growth. In addition to solid performance in the quarter, we also announced the completion of two acquisitions. They complement and […]
Dangote Sugar Refinery Plc | First Glance: Q1-17 PAT; Growth As Expected; Management Misses on Margin Target
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 […]
