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 […]

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 […]

March 9, 2017/Cowry Asset Research In the first nine months to 2016, Forte Oil Plc recorded somewhat lackluster year-on-year financial performance amid economic headwinds in a time of an economic recession, scarce foreign exchange and rising inflation. Turnover increased by 32.16% to N121.08 billion; however, profit after tax plunged by […]