March 20, 2018/Cordros Report Update: We update on CADBURY with a TP of NGN10.96 (29% downside) and maintain SELL recommendation. Despite having a challenging 2017FY, contrary to the rest of our consumer goods universe, the company reported a net profit of NGN300 million, from a loss in 2016FY. We forecast […]
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Dangote Cement Says 2017 Pretax Profit Up 60.1% to N289.59 Billion, Proposes N10.50 Per Share Dividend
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Cement manufacturers, Dangote Cement Plc on Tuesday said its pretax profit for the period ended December 31, 2017 grew 60.1 percent to N289.59 billion from N180.92 billion recorded a year ago. Post-tax profit of the cement producer rose 43.0 percent to N204.24 billion from N142.85 […]
Nigerian Equities Sustain Bearish Trend, Sheds -0.35% on Sell-Offs Across Sectors
March 20, 2018/InvestmentOne Research The Nigerian equities market continued its bearish trend, shedding 0.35% in today’s trading session. Market breadth index ended negative with 16 stocks gaining against 31 stocks that declined. UNITYBNK (+6.50%) had the best performance today while, similar to yesterday, CADBURY (-9.39%) topped the losers chart. FIDSON […]
