March 29, 2017/Mastercard Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire NuData Security, a global technology company that helps businesses prevent online and mobile fraud using session and biometric indicators. The Internet of Things is creating a more digitally-driven and digitally-connected world, with an estimated […]
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Lafarge Africa Plc: Making Hay While Prices Shine
March 29, 2017/Cordros Research Click here for full PDF Report After four successive quarters of losses, Lafarge Africa Plc (LAFARGE) reported N17.56 billion pre-tax profit in Q4-2016 on (1) price-driven 1004bps y/y and 3290bps q/q gross margin expansion, (2) other gains/operating income of N9.97 billion (vs. losses in previous quarters), […]
PZ Cussons Nigeria Plc: Better-Than-Expected Recovery
March 29, 2017/Cordros Research Click here to download full PDF Report PZ Cussons Nigeria Plc (PZ) released Q3-16/17 result last week (Friday), showing further improvement in profitability (from the loss reported in the first quarter) with 117% y/y and 46% q/q PAT growth respectively. The PAT (N1.89 billion) beat our […]
