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 […]
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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 […]
Stanbic IBTC Holdings Q4 2017 Results Review: Downgrading to Underperform
Culled—Proshare March 20, 2018/FBNQuest Research 8-10% cut to our 2018-19E EPS and price target Stanbic IBTC Holdings’ (Stanbic) Q4 2017 PBT missed our forecast by 22% largely due to negative surprises on provisions and opex. Consequently, we have cut our 2018-19E PBT forecasts by around 8% on average and our […]
