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), […]

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 […]

Culled—Proshare March 28, 2017/Proshare WebTV Shareholders today at the 4th annual general meeting of Africa Prudential Registrars Plc, approved the payment of 30k dividend for the 2016 financial year. This amounted to about N600ml in total payment on dividends for the preceding year, amidst a challenging economic environment characterized by […]