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Aliko Dangote paused a planned listing of his cement company in London, while its refinery IPO beats the funding target
Aliko Dangote doesn’t really need to tap Nigerian retail shareholders for the money. But they'll help him make sure Dangote Refinery is seen as a national champion, writes @mihirssharma (via @opinion)
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Aliko Dangote has opened the site of a planned fuel depot in Namibia
AMKOR $AMKR Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.99B (Est. $2.01B) 🔴; vs $1.99B LY 🔹 EPS: $0.76 (Est. $0.78) 🔴; vs $0.51 LY 🔹 Gross Margin: 18.3% (Est. 19.1%) 🔴 🔹 Operating Income: $225M (Est. $247M) 🔴 Q4 Guide: 🔹 Revenue: $1.9B-$2.0B (Est. $2.02B) 🔴 🔹 EPS: $0.65-$0.75 (Est. $0.76) 🔴 🔹 Gross Margin: 18.0%-19.0% (Est. 19.0%) 🟡 🔹 Net Income: $160M-$185M (Est. $189M) 🔴 🔹 FY26 Capital Expenditures: ~$2.5B Product Revenue: 🔹 Advanced Products: $1.63B; vs $1.68B LY 🔹 Mainstream Products: $359M; vs $303M LY End Markets (% of Net Sales): 🔹 Communications: 37%; vs 51% LY 🔹 Computing: 26%; vs 19% LY 🔹 Automotive & Industrial: 22%; vs 16% LY 🔹 Consumer: 15%; vs 14% LY Other Q3 Metrics: 🔹 Net Income: $191M (Est. $191M) 🟡; vs $127M LY 🔹 EBITDA: $435M (Est. $440M) 🔴; vs $340M LY 🔹 Operating Margin: 11.3%; vs 8.0% LY 🔹 Cash & Short-Term Investments: $2.4B 🔹 Total Debt: $2.5B Key Updates: 🔹 Share repurchases: ~$32M Comments: 🔸 “We are executing on our strategy, advancing key customer programs and benefiting from expanding customer commitments that improve visibility and support disciplined investment to meet future demand.”
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Aliko Dangote’s fortune is poised to reach $58 billion. Now he’s preparing to hand it over to his three daughters
Aliko Dangote’s company bought 25% of Kenya Pipeline Co. as Africa’s richest man expands his energy empire across the continent
Aliko Dangote is pushing the expansion of capital markets as Africa’s richest man readies to offer global depository receipts in Egypt
Aliko Dangote plans to extend the deadline for applications for the initial public offering in his Nigerian refinery by two weeks, according to people familiar.
Aliko Dangote’s refinery is bigger than any in Europe, and his IPO is the largest yet in Africa. Now he wants 10 million Africans to own a stake in it.