August 2, 2018/InvestmentOne Report Q1 2019 results highlight: Lower Sales Volume Weighs on PBT Performance · Mixed top line: up 15.52% q/q, down 10.70% y/y. · Improving gross profit margin: up 191bps q/q; up 140bps y/y. · Mixed Opex to sales ratio: down 273bps q/q; up 148bps y/y. · Volatile Profit […]
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Lafarge Africa Plc Series 7 Commercial Paper Now Open
Culled—Proshare August 2, 2018/Arthur Steven Asset Management Research An investment opportunity in the Lafarge Africa Plc’s Commercial Paper (“CP”) issuance of up to N10 billion in one single tenor – a 120-day CP (“Series 7”) under its N60 billion CP Issuance Programme. The proceeds from the Issuance will be used to refinance existing […]
SEPLAT Q2 2018 Results Review – Sales Up by 53% YoY to US$162m
Culled—Proshare August 2, 2018/FBNQuest Capital Event: Seplat Petroleum Development Company (Seplat) reports Q2 2018 results Implications: Seplat’s Q2 numbers continued the y/y improvement following the resumption of exports via third-party operated TransForcados System (TFS). While sales of US$162m grew 53% y/y, PBT of US$63m compares with a loss before […]
