Dangote Sugar Refinery Plc Dangote Sugar Refinery Plc’s full-year 2018 financial results did not reflect the expectations of stakeholders and analysts alike. This is because the company’s over all performance was affected by the activities of smugglers. The company also claimed that delayed delivery of its product to customers, which was caused by bad roads […]
Dangote Sugar Refinery Plc has declared a final dividend of N1.10 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018. The dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 19th June 2019, and those who have completed the e-dividend registration […]
In Dangote Sugar Refinery (Dangsugar) released its full-year 2018 result wherein it reported weaker earnings (-45% to N22 billion), 5% deviation from our earnings estimate – mainly due to higher than the expected tax paid during the period. For clarity, effective taxes over the period printed at 36.5% (5-year average: 28% and ARM Estimate: 30%). […]
nigeria stock exchange ……..As investors trade shares worth N4.536bn Investors on Tuesday traded 376.947 million shares worth N4.536 billion in 4018 deals. This is against 1.724 billion shares cost N3.678 billion in exchanged hands the previous day in 3251 deals. Market capitalisation of listed equities declined by N169 billion to N11.353 trillion from N11.522 trillion […]
The Nigerian equities market extended its losses to the second trading session of the week and month of April on the back of sustained losses in high capitalised stocks. As a result, the All Share Index (ASI) shed 300.73 absolute points, representing a dip of 0.99 per cent to close at 30,226.77 points. Similarly, the […]
Dangote Sugar Refinery, a subsidiary of Dangote Group, has declared a profit before tax of $112 million (about N34.6 billion) for the financial year ended Dec. 31, 2018.A breakdown of the result released on the floor of the Nigerian Stock Exchange (NSE) on Wednesday indicated that the refinery earned a revenue of $492 million (about […]
Paul Flour Mills One of Nigeria’s leading food and agro-allied groups, Flour Mills of Nigeria Plc , has announced the issuance of the sum of N1.7 billion (series 6). The new issuance will be deployed under Flour Mills’ N100 billion Commercial Paper Programme which is registered with the FMDQ OTC Plc (FMDQ) and completed on […]
Stocks to Watch Stocks to watch comprises the top gainers and losers of the previous week, as well as companies that released results or had corporate actions after trading hours. Stocks to watch is not a Buy/Sell/Hold list Guaranty Trust Bank Plc Guaranty Trust Bank tops this week’s watchlist by virtue of a court judgment […]
The management of NASCON Allied Industries (formerly National Salt Company), a member of the Dangote Group released its financials for the year ended December 31, 2018 as it rewarded its shareholders. The company proposed a final dividend of N1 per ordinary share of 50 kobo subject to the appropriate tax withholding and approval. The dividends’ […]
NASCON P Business/MONEY It was not business as usual for salt makers, NASCON Allied Industries Plc, during the financial year ended December 31, 2018, as revenue and profit slumped rather than surpass the records of the preceding financial year. But despite the shortfall in earnings, the company has decided to stick to its tradition of […]
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