Click here to download full report By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer and Nigeria’s most capitalised listed company, Dangote Cement Plc has proposed a final dividend of N8.50 kobo per share to its shareholders compared to N8.00 paid in 2015 end. This is coming on the heels of the release of […]
Results & Dividends
ALERT – Dangote Cement Plc’s 2016FY Net Profit Beat Consensus After Posting Tax Credit
February 28, 2017/Cordros Research Dangote Cement Plc (DANGCEM) just released 2016FY result wherein revenue grew by 25% (to N615 billion vs. consensus’ N620 billion) while PAT increased by just 2.9% (to N186.6 billion vs. consensus’ N175 billion). A tax credit of N20.89 billion (resulting from deferred tax credit) was reported […]
Flour Mills of Nigeria Plc | Resilient in 2017; But Not Particularly Rosy Going Forward
February 28, 2017/Cordros Research Click here to download full report Despite the outperformance on revenue (10% more than Cordros’ estimate), FLOURMILL’s Q3-16/17 PBT came behind our forecast by 83%. The key outliers during the period were other operating losses (+36% ahead) and finance costs (+310% ahead). The former was impacted […]
