Culled—Proshare March 23, 2017/FBNQuest Research Event: Lafarge Africa reports Q4 2016 results Implications: Upward revisions to consensus 2017E PBT forecasts likely Positives: PBT swung to N17.5bn, driven by sales growth of 12% y/y and a 1758bps expansion in gross margin to 38.4% Negatives: Opex grew 15% y/y This afternoon, Lafarge […]
Updates
CBN Publishes ‘The Scripless Securities Settlement System Business Rules and Guidelines’
March 23, 2017/CBN Click here to download full PDF report Introduction In furtherance of the principal objects of the Central Bank of Nigeria (CBN or the Bank) to ensure monetary and price stability, to promote a sound financial system and pursuant to the provisions of the CBN Act 2007 and […]
Okomu Oil Palm Plc – Price Action Pumps Up Earnings
Culled—Proshare 22/3/2017/ARM Research CPO price increase to drive strong 2016 sales close: 2016 has been a spectacular year for Okomu, with 9M 16 EPS already surpassing that of FY 15. The improved operating performance largely stemmed from higher CPO prices which drove overall revenue growth (+41% YoY), despite a 7% […]
