April 26, 2021 By Evans Charles InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc on Monday said its profit after tax (PAT) for the period ended December 31, 2020 declined 12 percent to N4.57 billion from N5.20 billion declared a year ago. Similarly, profit before tax (PBT) declined 12.2 percent […]
Results & Dividends
Unilever Nigeria Q1 2021 Results Review: Steady Recovery in Operating Fundamentals
April 26, 2021/Proshare By FBNQuest Research Impressive Q1 ’21 results trigger raise in ’21f EPS forecast We have raised our EPS forecasts over the ’21-22f period by 34% and our price target by 21% to NGN13.9. The smaller increase in our price target reflects our decision to increase our […]
Nigerian Breweries Q1 2021 Results: Significant Volume Boost Supports Bottom Line
April 26, 2021/InvestmentOne Report · Topline performance improved: up 27.0% y/y, 2.6% q/q. · Deteriorating gross profit margin at 37.5%: down 437bps y/y, 440bps q/q. · Mixed opex/sales ratio: down 480bps y/y, up 290 bps q/q. · PBT Margin performance at 10.9%: up 95bps y/y, 1030bps q/q. The […]
