By InvestAdvocate Lagos (INVESTADVOCATE)- FCMB Group Plc said on Thursday its nine-months profit after tax (PAT) for the period ended September 30, 2016 rose 30.6 percent to N12.98 billion from N9.94 billion recorded a year ago. Profit before tax (PBT) also grew 19.4 percent to N14.17 billion from N11.87 billion […]
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Stocks Reverses Rally on Weakened Investor Confidence
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Thursday reversed the rebound of the previous session, with the all-share index (ASI) falling by 0.10 percent to close at 25,490.70 points. “Thursday’s negative close increased the Month-to-Date (-6.35 percent) and Year-to-Date (-11.36 percent) losses,” according to Cordros daily market update. The report says […]
Lafarge Africa Q3 2016 Results Review – Retaining Outperform Rating on Marked Sell-off
Culled—Proshare November 24, 2016/FBNQuest Research Material cuts to our EPS fcst’s & PT on negative cost outlook Although Lafarge Africa’s (Lafarge) Q3 2016 results showed that its pre-tax loss was better than our –N18.9bn forecast, the loss was still sizable at-N11.6bn. Lower unit volumes (-27% y/y), a significant spike in […]
