November 2, 2016/UBA Plc United Bank for Africa (UBA) Plc is promoting financial literacy among young school children in Nigeria. To this end the bank’s Executive Director, Lagos and West, Mr. Ayoku Liadi was at the Olivet Baptist High School in Oyo to mentor and teach the students on the […]
Updates
Dangote Cement Plc – Cost pressures bite harder on earnings
Culled–Proshare 1/11/2016/Vetiva Research Cement volume down 17% q/q amidst price hike in Nigeria 9M’16 revenue up 21%, buoyed by strong Q3 Pan-African performance Currency weakness stretches margin despite improved Q3 fuel mix Cement prices to remain strong as DANGCEM prioritizes profitability over growth Sharp Valuation little changed due to post-FY’16 […]
Lafarge Africa Plc Gross Margin Contracts in Q3’16 Results; Shares Rated Outperform
Culled—Proshare 1/11/2016/FBNQuest Research Event: Lafarge Africa reports Q3 2016 results Implications: Slight reduction to consensus 2016E pre-tax loss forecast likely Positives: No obvious positives Negatives: Lafarge reported a pretax loss of -N11.6bn driven by a gross margin contraction of 2,243bps y/y to 5.5% and a -N3.4bn fx loss. Lafarge Africa’s […]
