March 29, 2017/Cordros Research Click here to download full PDF Report PZ Cussons Nigeria Plc (PZ) released Q3-16/17 result last week (Friday), showing further improvement in profitability (from the loss reported in the first quarter) with 117% y/y and 46% q/q PAT growth respectively. The PAT (N1.89 billion) beat our […]
Results & Dividends
Shareholders approve Africa Prudential Registrars 30k dividend payment for 2016 FY
Culled—Proshare March 28, 2017/Proshare WebTV Shareholders today at the 4th annual general meeting of Africa Prudential Registrars Plc, approved the payment of 30k dividend for the 2016 financial year. This amounted to about N600ml in total payment on dividends for the preceding year, amidst a challenging economic environment characterized by […]
FCMB Group Reports Q4 2016 Results – OCI Grew by 132% YoY to N2.6bn
Culled—Proshare March 28, 2017/FBNQuest Research Event: FCMB Group reports Q4 2016 results Implications: Neutral reaction expected from the market Positives: Positive surprise on provisions; other comprehensive income grew by 132% y/y to N2.6bn Negatives: Profit before provisions fell -10% y/y and surprised negatively This afternoon, The NSE published FCMB Holdings’ […]
