November 17, 2016/Orange Orange (www.Orange.com) is announced the winners of the 2016 Orange Social Venture Prize for Africa and the Middle East during the AfricaCom Awards ceremony held in Cape Town, South Africa, last night. The prize, which aims to encourage start-ups in Africa to launch innovative projects that promote […]
Updates
Nestle Nigeria Q3 2016 Results Review – Underlying Results Strong Despite FX Losses
Culled—Proshare November 17, 2016/FBNQuest Research Outlook for 2017 unchanged; Neutral rating maintained Although Nestle Nigeria (Nestle) reported a loss after tax of –N51m in Q3 2016, the firm’s underlying results were strong. Nestle posted record high sales of N49.0bn in Q3 2016, its highest ever in a quarter, driven by […]
Dangote Cement Q3 2016 Results Review – Maintaining Outperform Rating Despite Cut to PT
Culled—Proshare November 17, 2016/FBNQuest Research Tangible cuts to our EPS forecasts and price target Dangote Cement’s (DangCem) Q3 2016 results came in well behind our forecasts. As such, we have cut our EPS forecasts by around 12% on average over the 2016E-18E period. However, the reduction to our price target […]
