By InvestAdvocate Lagos (INVESTADVOCATE)-First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Thursday reported a loss after tax (LAT) of N24.08 billion for the nine-months period ended September 30, 2016 compared to a profit after tax (PAT) of N13.57 billion recorded a year ago. […]
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NSE Gets SEC’s Approval to New Rules for Filing of Accounts, Treatment of Default Filing
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said on Friday it has secured the approval of the Securities and Exchange Commission (SEC) on the Rules for Filing of Accounts and Treatment of Default Filing. Click here to see the approval notice
Dangote Cement Plc PBT Declines by 38% YoY Due to Gross Margin Contraction and Spike in OPEX
Culled—Proshare October 28, 2016/FBNQuest Research Event: Dangote Cement reports Q3 2016 results Implications: Likely upward revisions to consensus 2016 PAT forecast Positives: PAT grew 147% y/y driven by OCI gains of N37bn Negatives: PBT declined by 38% y.y due to a gross margin contraction of -1773bps y/y and an 81% […]
