Culled—Proshare April 5, 2017/eTranzact International PLC eTranzact International PLC, Africa’s premier e-payments solution provider has announced a profit before tax of 865.1 million naira and revenue of 10.40 billion naira for the year ended December 2016. In a year that was characterized by adverse sentiment triggers on the global front, […]
Results & Dividends
Striking FY 16 Loss: Is Seplat Plc Off The Hook? Sell Recommendation
Culled—Proshare April 4, 2017/ARM Research Last week, Seplat Petroleum Development Company Plc. (Seplat) published its FY 16 audited result, which revealed striking before and after tax losses of $172.7million and $166.1million respectively (2015: PBT – $87.1million, PAT – $65.6million), following sustained force majeure on its key export route (Trans Forcados […]
PZ Cussons Nigeria – On a Path to Recovery
Culled–Proshare April 4, 2017/FBNQuest Research Strong sales, gross margin expansion boost bottom line PZ Cussons Nigeria’s (PZ) Q3 2017 (end-Feb) results were remarkable. The company’s sales, which were its highest in recent times, beat our forecast by 16.9%. The improved revenue was primarily driven by price increases. Product-wise, although the […]
