October 27, 2016/Cordros Research On Wednesday, NB released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) a record y/y and q/q gross margin contraction; (2) record low EBITDA and EBIT margins; (3) opex savings; (4) notable y/y and […]
Investors Bite
Dangote Cement Plc: Group Q3-16 Earnings Negatively Impacted by Weaker Margins
October 27, 2016/Cordros Research Earlier today, DANGCEM released results for nine months and third quarter ended September 2016. The key features of the Group’s third quarter result are (1) 21.6% y/y (but -1.2% q/q) revenue growth; (2) significant gross margin contraction; (3) opex spike; (4) considerably weak EBITDA and EBIT […]
Shareholders Approve Jaiz Bank’s Bid to List on NSE
Culled—-Proshare October 27, 2016/Punch Shareholders of Jaiz Bank Plc, Nigeria’s first non-interest bank, on Wednesday unanimously voted its shares to be listed and traded on the floor of the Nigerian Stock Exchange (NSE). According to the bank, this will open opportunities for individuals who desire to own shares in the […]
