October 19, 2017/NSE The shareholders of international Breweries Plc., Intafact Beverages Limited and Pabod Breweries Limited (the “Merging Entities“) have approved resolutions authorizing the merger of the three companies. Shareholder approvals were granted during separate court ordered meetings of each of the Merging Entities which held on Wednesday, 18 and […]
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ZENITHBANK Q3’17: Decline in Opex Supported 42.57% q/q Growth in PAT, Despite Lower Funding Income and Non-Interest Revenue.
October 19, 2017/Cordros Research Click here to download full PDF copy of report Zenith Bank Plc (ZENITHBANK) published Q3-2017 result this afternoon, reporting declines across most line items – gross earnings declined 35.19% q/q and 8.89% y/y – following higher than expected contraction in interest income (-30.96% q/q and +4.54% […]
Dangote Cement Q3 2017 PAT; Below Expectation, But Strong
October 19, 2017/Cordros Research Click here to download full PDF copy of report DANGCEM just released Q3-17 result, showing revenue (27.4% y/y), EBITDA (95.1% y/y), and PAT (63.1% y/y) all grew strongly at the Group level. Revenue was below our estimate by 6% while EBITDA (on lower other incomes) and […]
