Culled—Proshare March 9, 2017/Afrinvest Research Dangote Cement Plc (“DANGCEM” or “the Group”) reported Q4:2016 earnings result last week, outperforming analysts’ expectation across metrics. Q4 standalone revenue grew 37.0% Y-o-Y to N173.0bn, bringing FY: 2016 turnover to N615.1bn, up 25.1% Y-o-Y relative to our projection of 20.0%. Similarly, Q4 standalone PBT […]
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The Good Health of the DMO; Looks to Raise N130bn in Third Monthly Auction
Culled—Proshare Marhc 9, 2017/FBNQuest Research The DMO holds its third monthly auction of FGN bonds of the year next week, and looks to raise N130bn. It is operating from a position of relative strength, having already raised N375bn (US$1.23bn) from January and February combined by the simple expedient of paying […]
GUARANTY TRUST BANK PLC Q4 2016 Results: Initial Impression
March 9, 2017/InvestmentOne Research NIGERIA | EQUITIES | BANKING | GUARANTY TRUST BANK PLC Q4 2016 results highlight: Weak non-interest income performance weighs on PBT · Net interest income of N62.7bn, up +16.8% q/q; +57.3% y/y · Profit before tax of N24.3bn, down -50.9% q/q; -15.2% y/y · Profit after […]
