Culled—Proshare March 23, 2017/FBNQuest Research Event: Lafarge Africa reports Q4 2016 results Implications: Upward revisions to consensus 2017E PBT forecasts likely Positives: PBT swung to N17.5bn, driven by sales growth of 12% y/y and a 1758bps expansion in gross margin to 38.4% Negatives: Opex grew 15% y/y This afternoon, Lafarge […]
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Okomu Oil Palm Plc – Price Action Pumps Up Earnings
Culled—Proshare 22/3/2017/ARM Research CPO price increase to drive strong 2016 sales close: 2016 has been a spectacular year for Okomu, with 9M 16 EPS already surpassing that of FY 15. The improved operating performance largely stemmed from higher CPO prices which drove overall revenue growth (+41% YoY), despite a 7% […]
PRESCO Plc: Producing Palm-Oil With Glamour
Culled—Proshare 22/3/2017/ARM Research CPO price boon drives top-line to record high: Presco, as the only integrated oil palm production company in Nigeria4 benefitted immensely from favourable pricing environment which underpinned a strong rise in both top-line and earnings. Importantly, Presco’s 9M 16 sales of N11.9 billion (+48.4% YoY) eclipsed previous […]
