May 2, 2017/Cordros Research Click here for PDF Report Dangote Sugar Refinery Plc released Q1-17 result last Friday, recording revenue (82.5% y/y), EBITDA (13.8% y/y), and PAT (42.5% y/y) that are well ahead of Q1-16. Revenue and PAT beat our estimates by 16% and 8% respectively. Annualized, revenue and PAT […]
Updates
Convergence of Africa Capital Markets: Africa’s Efforts to Pool Together its Liquidity
May 2, 2017/NSE Africa capital markets battle with the conundrum of illiquidity being the main catalyst of its sustained lack of liquidity. The process of trying to boost liquidity and depth in the region through i) increase in cross-border activities of brokerdealers, fund managers and private equity funds and ii) […]
First Glance: EPS Beats Consensus’ as Higher Yields Drove Interest Income Northwards
May 2, 2017/Cordros Research Click here to download PDF Report Zenith Bank Plc (ZENITHBANK) published Q1-2017 result last week, reporting double-digit growth across most line items – gross earnings surged 48.58% y/y and 15.74% q/q, supported by impressive growth in interest income (+40.29% y/y and 19.43% q/q) and non-interest income […]
