Culled—Proshare April 3, 2017/FBNQuest Research Although FCMB’s Q4 2016 results showed that PBT declined by double-digit y/y, the PBT beat our forecast soundly. The variance was due to a significant positive surprise in loan loss provisions which came in -88% lower than our forecast. Following the results, we have reduced […]
Results & Dividends
Dangote Sugar Refinery Plc – Strong Finishing From a Troubled 2016
Culled—Proshare April 3, 2017/Cordros Capital Dangote Sugar Refinery Plc (DANGSUGAR) released its Q4 and full year 2016 results this afternoon. 94.5% y/y revenue and PAT growth apiece, in the final quarter, summed up an impressive year for the company, wherein top-line grew by 67.9% while post-tax profit increased by 29.2%. […]
Delayed Filing: Skye Bank Says will File on or before 12th May, 2017
31/3/2017/NSE This is to inform The Nigerian Stock Exchange (NSE), our esteemed shareholders and other stakeholders of Skye Bank Plc that the Audited Financial Statement of Skye Bank Plc for the year ended 31 December 2016 will not be filed by 31 March 2017 as required by the rules of […]
