By InvestAdvocate Lagos (INVESTADVOCATE-Nigeria’s tier one lender, Access Bank Plc on Wednesday said it was on a sustainable growth path, according to Mosun Bello-Olusoga, chairman of the bank at its 28th Annual General Meeting (AGM). The lender also approved the payment of a final dividend of 40 kobo per share […]
Results & Dividends
Total Nigeria Plc – Moving from Underperform to Neutral Rating
Culled—Proshare March 29, 2017/FBNQuest Research EPS forecasts up 24% over the 2017-19E period; PT up 19% Total’s full year 2017 PAT of N14.8bn grew 266% y/y on the back of solid topline growth and a gross margin expansion of 498bps y/y to 17%. The company benefitted from shrinking competition in […]
Lafarge Africa Plc: Making Hay While Prices Shine
March 29, 2017/Cordros Research Click here for full PDF Report After four successive quarters of losses, Lafarge Africa Plc (LAFARGE) reported N17.56 billion pre-tax profit in Q4-2016 on (1) price-driven 1004bps y/y and 3290bps q/q gross margin expansion, (2) other gains/operating income of N9.97 billion (vs. losses in previous quarters), […]
