Investors Bite

Dangote Sugar Refinery Plc FY 2017 Earnings – Resilient Earnings Despite Increasing Competition

Culled—Proshare April 13, 2018/Vetiva Research • FY’17 revenue up 20% y/y despite smuggled sugar menace • EBIT margin expands 13ppts y/y to 23% in FY’17 (Vetiva: 25%) • FY’17 PAT up 176% y/y, supported by exchange rate gains Stronger Prices Support 20% YoY Sales Growth Dangote Sugar’s FY’17 financial results showed a 20% […]

SEC Announces Suspension of Corix Bioscience

April 13, 2018/US SEC The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Corix Bioscience, Inc. (“CXBS “), of Surprise, Arizona, at 9:30 a.m. EDT on April 13, 2018, […]

NSE Closes Week Bullish, Gains +0.29% on Buy Interest in Most Sectors

April 13, 2018/InvestmentOne Research The Nigerian equities market closed the last trading session of the week on a bullish note, gaining 0.29%. Similarly, WTD closed up by +0.21%. Similarly, market breadth index ended positive with 32 stocks gaining against 22 stocks that declined. WEMABANK (+9.52%) was the top gainer today […]