This report is an update as of February 2015 and covers the Top 30 companies in Sub-Sahara Africa ex SA by market capitalisation.
Set out on the following pages is a summary of major SSA ex SA listed companies with December year-ends that have reported their 2014 full year earnings. New earnings releases since our prior report of March 24, 2015 are highlighted in yellow. The focus is on those companies which have a big market capitalisation or, if smaller, have shown significant earnings growth/decline. New to this report is the 12 month ROE’s of the companies covered.
To date, the US$ earnings for the 12 months to December 2014 of the 44 reporting companies covered is down 14% at US$5.1bn vs US$6.0bn in 2013. Nigeria, with 15 companies reporting, accounts for most of the decline with earnings down US$883m or 21%. Kenya’s earnings have risen 7%. Markets have responded with East African markets rising...
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