October 27, 2017/NSE This is to formally notify shareholders of Unity Bank Plc. and other stakeholders of the Bank that, the Board of Unity Bank Plc. at an Emergency Meeting held on October 4, 2017 approved the retirement of Mr Thomas A. Etuh as Chairman of the Board. The Board […]
Investors Bite
Dangote Sugar: Q3-17 PAT; Strong Performance Delivery
October 27, 2017/Cordros Research DANGSUGAR released Q3-17 result yesterday, showing revenue declined 1% y/y while EBITDA (226% y/y) and PAT (244% y/y) grew strongly. Continued stronger gross margin and tamed opex, primarily, in addition to higher investment income, was the lever for earnings growth. Annualized, the revenue and PAT reported […]
Cadbury Nigeria: Q3-17 PAT; A Sustainable Rebound?
October 27, 2017/Cordros Research CADBURY released Q3-17 result yesterday, showing revenue growth of 9.3% y/y and PAT of N702 million, from a loss reported in Q2. Also worthy of note is that the reported profit is CADBURY’s single-quarter largest since Q4-15, thanks to significant expansion of gross margin. Compared to […]
