October 31, 2016/Cordros Research NESTLE released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) 16.6% y/y and 10.7% q/q revenue growth; (2) significant y/y gross margin contraction; (3) net forex loss; and (4) a LAT of N5.1 billion, […]
Results & Dividends
Access Bank Plc | 9M’16: Earnings Up 19% Despite Non Interest Income Slump
October 28, 2016/Cordros Research This afternoon, Access Bank Plc (ACCESS) released its nine-month earnings result for the period ended September 30, 2016. EPS declined to N1.98 from N2.01, despite a 19% y/y increase in PAT; mainly because of the impact of a higher number of shares outstanding following last year’s […]
Dangote Sugar Refinery Plc: Q3-16 PAT Suffers Cost Pressure
October 28, 2016/Cordros Research DANGSUGAR released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) robust y/y and q/q revenue growth; (2) significant y/y and q/q gross margin contraction; (3) high double-digit y/y and q/q increase in opex; (4) […]
