October 23, 2017/Cordros Research UNION BANK NIG.PLC. (UBN) Rights Issue, opened on 20 Sept, 2017, will close on Monday, 30 October 2017. Use of Proceeds: 80% of proceeds to be used as working capital 12% of proceeds to be invested in technology, innovation and digitalization 8% of proceeds to be […]
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Lafarge Q3-17: A Whooping Loss After Tax
October 23, 2017/Cordros Research LAFARGE released Q3-17 result late on Friday, showing revenue growth of 28.2% y/y, and a loss after tax of N18.8 billion which almost erased the N19.73 billion profit reported as at H1. The revenue of N68.8 billion was well above our N53.3 billion estimate (and consensus […]
Transcorp Group Reports 158% Growth In Profit after Tax
October 23, 2017/Transcorp Group Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost investment conglomerate has announced financial results for its third quarter ended September 30, 2017. The Group Profit after Tax (PAT) for Q3 2017 improved by 158% Year on Year (YoY) to N8.2bn. The conglomerates income statement revealed a […]
