May 3, 2017/Vetiva Research Q1’17 logs strongest quarterly revenue figure on record, up 69% y/y Earnings growth watered down by higher production costs Q1’17 PAT above estimate at ₦8.4 billion, up 25% y/y EPS, TP revised upwards on earnings outperformance Q1’17 earnings beat estimates on strong sales momentum Reporting the […]
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Dangote Sugar to raise N21 bn from capital market
May 3, 2017/Vanguard By Nkiruka Nnorom DANGOTE Sugar Refinery, DSR Plc, has revealed plans to raise N21.2 billion through equity injection from the capital market to fund its backward integration project and also actualise the Dangote Sugar Master Plan. The Group Managing Director, Mr. Abdullahi Sule, who made the disclosure, […]
Presco Plc – Impressive Start to FY’17, Ahead of Estimates
Culled—Proshare May 3, 2017/Vetiva Research Bullish line performances amidst strong product pricing EBIT beats estimate, up 167% y/y PBT almost triples even after excluding revaluation gains Improved plantation yield to drive FY’17 volume growth Valuation revised higher on improved earnings outlook Strong domestic palm oil prices lift earnings PRESCO’s Q1’17 […]
