By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said on Friday it has secured the approval of the Securities and Exchange Commission (SEC) on the Rules for Filing of Accounts and Treatment of Default Filing. Click here to see the approval notice
Updates
Dangote Cement Plc PBT Declines by 38% YoY Due to Gross Margin Contraction and Spike in OPEX
Culled—Proshare October 28, 2016/FBNQuest Research Event: Dangote Cement reports Q3 2016 results Implications: Likely upward revisions to consensus 2016 PAT forecast Positives: PAT grew 147% y/y driven by OCI gains of N37bn Negatives: PBT declined by 38% y.y due to a gross margin contraction of -1773bps y/y and an 81% […]
Nigerian Breweries Plc Net Interest Expense Declined by 23% YoY
Culled—Proshare October 28, 2016/FBNQuest Research Event: Nigerian Breweries reports Q3 2016 results Implications: Likely downward revisions to consensus 2016 PBT forecast Positives: Net interest expense declined by -23% y/y Negatives: PBT declined by -66% y/y driven by a gross margin contraction of -639bps y/y and a 9% y/y rise in […]
