June 7, 2021/Proshare by FBNQuest Research 2% upgrade to our EPS estimates over the ’21-23f period; Neutral rating maintained Nestle Q1 ’21 earnings grew 11% y/y to NGN12.4bn, supported by 26% y/y and 24% y/y increases in food and beverage sales respectively. Based on our market survey, an increase in […]
Results & Dividends
Dangote Sugar Refinery Q1 2021 Results Review: Riding on Supportive Conditions
June 4, 2021/Proshare by FBNQuest Research 13% upgrade to our EPS estimates over the ’21-23f period; Neutral rating maintained Following Dangote Sugar Refinery’s (DSR) better-than-expected results in Q1 ’21, we have upgraded our EPS estimates over ’21-23f period by 12.8% on average to reflect the improvement in fundamentals. Nonetheless, we […]
CONOIL Declares -27% Decline in 2020 FY Profit After Tax
June 2, 2021 By Evans CHARLES InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc said on Wednesday its post-tax profit for the period ended December 31, 2020 depreciated 27 percent to N1.44 billion from N1.97 billion posted the same period of last year. Pretax profit of the oil marketing firm, also […]
