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 […]
Results & Dividends
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 […]
SEC Tasks Investors on e-Dividend
April 25, 2021/SEC Nigeria The Securities and Exchange Commission has again urged investors in the capital market to register for e-dividend so that they can receive the benefits of their investments in the capital market. This was stated by Executive Commissioner Operations of the SEC Mr. Dayo Obisan during an […]
