April 24, 2018/Cordros Update Conference call highlights – Purely as communicated (Cordros opinion not included) Please see below, DANGCEM management’s commentary in today’s Q1-18 call: Higher Nigerian volume reflects improved post-recession activities. Improved monthly government revenue is supporting infrastructure spending. Cranes are back at construction sites in Abuja. Asides from […]
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Dangote Cement: Impressive Q1-18 Result, Good start to 2018
April 24, 2018/Cordros Report Update: DANGCEM published Q1-18 result this afternoon, showing revenue and net profit grew by 16.3% y/y and 23.9% q/q respectively. Q1-17 tax charge and consequently, net profit, were restated for easy comparison. On the unadjusted numbers, the latest net profit is lower by only 1.2%. Revenue […]
Bulls Resurface on Nigerian Bourse, ASI Up +0.10% on Buy Interest Across Sectors
April 24, 2018/InvestmentOne Report The Nigerian equities market closed positive today as NSE-ASI gained 0.10%. Market breadth index was somewhat flat with 26 stocks gaining against 25 stocks that declined. FO (+10.18%) was the top gainer today while JBERGER (-5.00%) had the worst performance. TRANSCORP (+2.27%) was the most actively […]
