March 1, 2018/Punch Stanley Opara with agency report MTN Group plans to list its Nigerian unit worth $5.23bn by July in a debut Initial Public Offer on the Nigeria Stock Exchange and will raise fresh funds to reduce debt, according to pre-IPO presentation seen by Reuters. MTN aims to raise […]
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Seplat Plc FY 2017 – Earnings Braced by Tax Credit
Culled—Proshare February 28, 2018/ARM Research Earnings braced by Tax Credit Seplat Petroleum Development Company Plc. (SEPLAT) reported its full-year 2017 result this morning. In contrast to prior year masked by losses, the company returned to profitability, with a robust cash flow position. Much of this recovery reflected the lifting of […]
SEPLAT Reports Q4 2017 Results; Records Strong Recovery in Profitability
Culled—Proshare February 28, 2018/FBNQuest Research Event: Seplat Petroleum Development Company reports Q4 2017 results Implications: Upward revisions to consensus 2018 PBT forecast likely Positives: Strong recovery in profitability. Q4 sales up 318% y/y to US$174m while Q4 PBT of US$46m compares with a loss before tax of -US$85m in […]
