Investors Bite

Dangote Sugar Refinery Plc: Q3-16 PAT Suffers Cost Pressure

October 28, 2016/Cordros Research DANGSUGAR released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) robust y/y and q/q revenue growth; (2) significant y/y and q/q gross margin contraction; (3) high double-digit y/y and q/q increase in opex; (4) […]

Access Bank Grows Q3 Profit to N72bn

October 28, 2016/Access Bank Plc Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended 30 September 2016 based on enhanced business efficiency as a result of the effective execution of its long-term strategy. The Bank’s Profit Before Tax (PBT) showed an increase of […]

Investors Laud Conoil’s N2billion Dividend Payout in Recession

October 28, 2016/Conoil Plc Shareholders of Conoil Plc have applauded the company’s strong financial performance despite the difficult operating environment in the country. Speaking at the company’s annual general meeting held at the weekend in Uyo, Akwa Ibom State, the shareholders expressed their delight that the foremost fuel marketing company […]