November 15, 2016/Reuters Telkom SA, South Africa’s biggest fixed-line phone company, said on Tuesday its half-year profit rose 19.7 percent, buoyed by its mobile business and the consolidation of its enterprise division. Headline earnings per share (HEPS) for the six months to the end of September rose to 336 cents […]
Results & Dividends
International Breweries Q2 2017 Results Review – Positive Revenue outlook blurred by FX Issues
Culled—Proshare November 11, 2016/FBNQuest Research Underperform rating maintained despite valuation rollover Broadly speaking, International Breweries’ underlying Q2 2017 (end Sep) results were stronger than we expected. Consequently, we have increased our EBIT forecasts for the 2017-18E period by 16% on average. Although we have attempted to reflect a negative surprise […]
Cement Company of Northern Nigeria Plc – Weak Topline, Cost Pressure Derail Q3’16 Earnings
Culled—Proshare November 10, 2016/Vetiva Research CCNN’s 9M’16 PAT was down 56% y/y to N0.7 billion (Vetiva estimate: N1.0 billion) following a disappointing Q3. Despite q/q increase in cement prices (46% price hike only took effect from September), revenue over the 3-month period declined 5% q/q to N2.7 billion and suggests […]
