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 […]
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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 […]
Union Bank Plc Posts N91.4bn Gross Earnings in Q3’16 Excluding Gains on Sale of Subsidiaries
26/10/2016/UBN Plc Union Bank, one of Nigeria’s long-standing and most respected financial institutions, announces its unaudited results for the nine months ended 30th September 2016. Bank Financial Highlights Profit before tax: ₦13.2bn (₦13.2bn in 9M 2015); excluding gain on sale of subsidiaries*, increased by 27% to ₦12.4bn (₦9.8bn in 9M […]
