March 9, 2017/Proshare Markets Access Bank Plc today holds its Q4’16 Investors and Analyst Conference Call Earnings Presentation. The bank stated that due to the volatility witnessed in 2016, the bank need to strengthen its liquidity position necessitating it to raise about $300m Eurobond and a commercial paper during the […]
Results & Dividends
Dangote Cement Plc FY 2016 Earnings Update – Expiring Tax Breaks Cast a Cloud on Forward Earnings
Culled—Proshare March 9, 2017/Afrinvest Research Dangote Cement Plc (“DANGCEM” or “the Group”) reported Q4:2016 earnings result last week, outperforming analysts’ expectation across metrics. Q4 standalone revenue grew 37.0% Y-o-Y to N173.0bn, bringing FY: 2016 turnover to N615.1bn, up 25.1% Y-o-Y relative to our projection of 20.0%. Similarly, Q4 standalone PBT […]
GUARANTY TRUST BANK PLC Q4 2016 Results: Initial Impression
March 9, 2017/InvestmentOne Research NIGERIA | EQUITIES | BANKING | GUARANTY TRUST BANK PLC Q4 2016 results highlight: Weak non-interest income performance weighs on PBT · Net interest income of N62.7bn, up +16.8% q/q; +57.3% y/y · Profit before tax of N24.3bn, down -50.9% q/q; -15.2% y/y · Profit after […]
