November 29, 2021/Proshare by FBNQuest Research EPS forecasts over the next two years raised by around 5% on average Lafarge’s Q3 ’21 earnings came in slightly ahead of our forecast by around 5%. However, this beat was masked by a tax credit of N4.9bn vs. a tax expense of -N4.0bn that […]
Results & Dividends
Dangote Cement Plc 9M 2021 Earnings Update: Strong Operating Performance
November 29, 2021/CSL Research Dangote Cement is set for an impressive FY 2021 performance, as the company reported a 33.4% y/y growth in Net Income as of 9M 2021 to N278.5bn & EPS of N16.23, exceeding its FY 2020 performance (Net Income: N276.1bn & EPS: N16.14). The frenzy for housing […]
Unilever Nigeria Earnings Missed Despite Strong Topline Growth in Q3 2021 Results Review
November 24, 2021/Proshare by FBNQuest Research EPS forecasts over 21f-23f reduced by an average of 11.4% We have lowered our EPS forecasts over the 21-23f period by 11.4% on average and our price target by 12.7% to NGN14.2 (from NGN16.3 previously) post Unilever’s disappointing results in Q3 ’21. While Q3 […]
