March 1, 2021/Cordros Report NESTLE published its Q4-20 and 2020FY audited results after market close on Friday (February 26), with a reported EPS of NGN9.18 (-17.7% y/y), bringing the 2020FY EPS to NGN49.47 (-14.2% y/y). The achieved EPS is a miss per consensus 2020E EPS estimate of NGN55.71 (-11.2% variance) […]
Results & Dividends
MTNN Posts N205 Billion Post-Tax Profit in 2020 End, Beat Estimates with N5.90 Kobo Final Dividend
March 1, 2021 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Telecoms giant, MTN Nigeria Communications Plc on Monday said its profit after tax (PAT) inched up -0.95 percent to N205 billion in the audited period ended December 31, 2020 from N203 billion declared in the same period of 2019. Profit before tax […]
Nestle Nigeria Profit Declines -14.17% in 2020 Year End, Offers N35.50 Kobo Final Dividend
March 1, 2021 By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-Food and beverage giant, Nestle Nigeria Plc said on Monday its profit for the year ended December 31, 2021 declined -14.17 percent to N39.21 billion from N45.68 billion recorded a year ago. Pretax profit of the company dropped -14.74 percent to N60.63 […]
