By InvestAdvocate Lagos (INVESTADVOCATE)- FCMB Group Plc said on Thursday its nine-months profit after tax (PAT) for the period ended September 30, 2016 rose 30.6 percent to N12.98 billion from N9.94 billion recorded a year ago. Profit before tax (PBT) also grew 19.4 percent to N14.17 billion from N11.87 billion […]
Results & Dividends
Lafarge Africa Q3 2016 Results Review – Retaining Outperform Rating on Marked Sell-off
Culled—Proshare November 24, 2016/FBNQuest Research Material cuts to our EPS fcst’s & PT on negative cost outlook Although Lafarge Africa’s (Lafarge) Q3 2016 results showed that its pre-tax loss was better than our –N18.9bn forecast, the loss was still sizable at-N11.6bn. Lower unit volumes (-27% y/y), a significant spike in […]
Okomu Oil Palm Plc – Healthy fundamentals; Neutral rating maintained
Culled—Proshare November 18, 2016/FBNQuest Research Upward revisions to estimates and price target Okomu Oil’s (Okomu) Q3 2016 results came in stronger than we expected. The variance versus our estimates was due to sales and total costs (cogs+opex) surprising positively. We have tried to reflect the surprises in our forecasts. As […]
