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Research and Analytics

Profit After Tax

DANGCEM Stock Pitch – by Fatai Aminat Ajiun

By Aminat Ajiun FataiPosted on Posted in Business & FinanceTagged , , , , , No Comments on DANGCEM Stock Pitch – by Fatai Aminat Ajiun

All forecasted indices highlighted on Dangote Cement Plc. pointed towards growth as it had been since its commencement of business. Though the major risk the company is exposed to are exchange rate fluctuations and interest rates which are beyond the control of the company, a BUY is highly recommended for Dangote Cement Plc. as it has been indicated and believed that the company will continue to grow into the foreseeable future. Our blended target price of N312/share points to a 13% upside compared to the last closing price of N277/share (7th June 2022).

Financial Highlights of SEPLAT in the first 9 months of 2020

By Aminu MusaPosted on Posted in Business & FinanceTagged , , , , , , , , , No Comments on Financial Highlights of SEPLAT in the first 9 months of 2020

Although revenue declined, we note that the cost of sales surged during the period. Specifically, cost of sales was N103.94 billion compared to N70.65 billion recorded in the corresponding period of 2019. This was due to 95% increase in operational and maintenance expenses (N23.56 billion) and 59.4% increase in depletion, depreciation and amortisation (N33.75 billion).

Nigeria’s Tier-1 Banks Made Interest Income of N1.52 trillion and PAT of N521.92 billion in Q3 2019

By Abdulazeez KurangaPosted on Posted in Articles, Business & FinanceTagged , , , , 2 Comments on Nigeria’s Tier-1 Banks Made Interest Income of N1.52 trillion and PAT of N521.92 billion in Q3 2019

The Q3 financial statement of the five banks reveal they earned N1.52 trillion on charging interest in the first 9 months of 2019 and they made a Profit After Tax of N521.92bln in total. This research work therefore aims to further break down the financial performance of each of the five banks while also ranking them based on how they have performed from January 2, 2019 to September 30, 2019.

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