Culled–Proshare February 14, 2017/ARM Research Tuesday, February 14, 2017 11.12 AM / ARM Research Last weekend, the Access-Lagos Marathon took place with Kenyan runner Abraham Kiptum winning the 41km dash round the streets of Lagos for the second year running, shaving one minute of his 2016 time to finish the […]
Results & Dividends
Nigeria fine to push South Africa’s MTN to 2016 loss, shares fall
February 8, 2017/Reuters By Nqobile Dludla South Africa-based MTN Group expects to report a full-year loss due to a $1 billion regulatory fine in Nigeria and underperformance there and at home, it said on Wednesday, sending its shares to a two-month low. Africa’s most populous nation and biggest economy Nigeria […]
Flour Mills of Nigeria Results Review – Strong Q3’17 Results; Maintaining OP Rating
Culled—Proshare February 6, 2017/FBNQuest Research Maintaining OP rating despite modest increase to PT Flour Mills of Nigeria’s (FMN) Q3 2017 (end-Dec) PBT came in well ahead (+104%) of our forecast. The key drivers behind the strong results were positive surprises in sales and gross margin, which beat our forecasts by […]
