Culled—Proshare March 23, 2017/FBNQuest Research Event: Lafarge Africa reports Q4 2016 results Implications: Upward revisions to consensus 2017E PBT forecasts likely Positives: PBT swung to N17.5bn, driven by sales growth of 12% y/y and a 1758bps expansion in gross margin to 38.4% Negatives: Opex grew 15% y/y This afternoon, Lafarge […]

Culled—Proshare March 22, 2017/Proshare WebTV Zenith Bank one of Nigeria’s leading banks, today at its 26th Annual General Meeting in Lagos, paid a total dividend per share of N2.02k to its shareholders for the 2016 financial year. The bank last year paid an interim dividend of 25k, while making a […]

March 22, 2017/InvestmentOne Research Stanbic released its Q4 2016 results earlier today. Please find key highlights of the Q4 2016 results below: ·         Net interest income of N18.8bn, up +15.6% q/q; +71.7% y/y ·         Profit before tax of N11.5bn, up +4.1% q/q; +39.1% y/y ·         Profit after tax of N8.4bn, […]