Updates

Lafarge 2016 Year End Result: Another Tax Surprise

March 22, 2017/Cordros Research Lafarge Africa has just released Q4-2016 and 2016 full year results. The sum of N16.9 billion (from -N37.4 billion in nine months) was reported as end-2016 profit, helped by a daunting N39.7 billion tax credit. Before the tax credit, the loss before tax of N40.4 billion […]

A Successful Auction For The DMO Without An Approved Budget

Culled—Proshare March 22, 2017/FBNQuest Research Last week the DMO held its latest monthly auction of FGN bonds. It has good reason to be satisfied with the outcome, not least because it is again running a programme of auctions without an approved FGN budget in place. It offered N130bn, attracted a […]

Lafarge Africa Says N22.8 Billion Loss before Tax in 2016, Cuts Dividend by 65%

By InvestAdvocate Click here to download Lafarge Africa Plc 2016 audited year end report December 31, 2016 Lagos (INVESTADVOCATE)-Cement producer, Lafarge Africa Plc has recorded a loss before tax of N22.8 billion in the audited year ended December 31, 2016 compared to a profit before tax (PBT) of N29.3 billion […]