By InvestAdvocate Lagos (INVESTADVOCATE)-Sugar refiner, Dangote Sugar Refinery Plc said on Thursday its profit after tax (PAT) for the period ended September 30, 2017 appreciated 162.1 percent to N26.5 billion from N10.1 billion posted a year ago. Profit before tax (PBT) also grew 149.7 percent to N38.2 billion from N15.3 […]
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Access Bank Says Q3 2017 Pretax Profit Inch up 5.7% to N72.9 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc said on Thursday its pretax profit for the period ended September 30, 2017 grew 5.7 percent to N72.9 billion from N68.9 billion posted a year ago. Post-tax profit of the bank also increased marginally 4.3 percent to N56.3 billion from […]
Nigerian Breweries Q3-17 PAT; Broad Underperformance
October 26, 2017/Cordros Research NB released Q3-17 result earlier today. In our view, NB’s performance during the three months period was broadly disappointing. Although revenue grew 12.8% y/y, it was below our estimate by c.9%. PAT on the other hand, was down 75% y/y, and 97% below our estimate on […]
