By InvestAdvocate Lagos (INVESTADVOCATE)-Food and beverage producer, Nestle Nigeria Plc on Thursday said its profit for the year declined 94 percent to N536 million in its first-half (H1) period ended June 30, 2016 compared to N8.88 billion a year ago. Similarly, pretax profit for the food and beverage company dipped […]
Results & Dividends
Diamond Bank Plc: OCI Gains Masking Weak Underlying Results
Culled—Proshare August 4, 2016/FBNQuest Research Moving to Neutral post marked sell-off; still wary of n-term outlook Despite a material boost from fx trading income, Diamond Bank’s Q2 2016 PBT fell -35% y/y and missed our forecast by 13%. Excluding this fx trading income, Diamond likely recorded a pre-tax loss in […]
Dangote Sugar Refinery Plc Q2 16 – Interest savings on debt pay-down saves the day
Culled—-Proshare August 01, 2016/ARM Research Last Friday, Dangote Sugar Refinery Plc (DSR) released its unaudited H1 2016 result wherein PBT and PAT rose 13.8% YoY and 16.9% YoY to N11.2 billion and N7.4 billion respectively. Focusing on Q2, despite FX induced input cost pressures, which offset strong top-line growth, interest savings following […]
