Culled—Proshare May 22, 2017/FBNQuest Research Earnings and price target revised upwards Presco reported better-than-expected Q4 2016 and Q1 2017 results, with double-digit sales growth in Q4 and triple-digit sales growth in Q1. The company is still benefitting from favourable government policy as well as its over 50% increase to prices […]
Investors Bite
Dangote Flour Mills’ Return to Profitability
…Launches new affordable pasta to substitute rice consumption in Nigeria May 22, 2017/Dangote Flour Mills Plc Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016. The Chairman of Dangote […]
C&I Leasing Eyes $100m Fresh Capital for Expansion
May 22, 2017/Thisday C&I Leasing Plc plans to raise additional $100 million to expand its operations. The Group’s Chief Finance Officer (CFO), Mr. Alex Mbakogu, disclosed this at the firm’s investors’ forum in Lagos. According to him, while exploring cheaper sources of funds, the company also plans redemption of $12.4 […]
