October 30, 2020 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Dual listed Nigerian oil & gas exploration and production company, Seplat Petroleum Development Company Plc on Friday reported a loss before tax (LBT) of N45.5 billion in its third quarter (Q3) period ended September 30, 2020 compared to a profit before tax […]
Results & Dividends
Nigerian Breweries Plc Q3 2020 Unaudited Results – Revenue Surprise Drives Earnings Rebound
Culled—-Proshare October 30, 2020 by CardinalStone Research Nigerian Breweries Plc (NB: TP – N33.35: SELL) reported strong earnings growth in its unaudited Q3’20 results as EPS grew to 17 kobo (vs -13 kobo in Q3’19). The improvement in earnings mostly reflected a rebound in sales following the easing of lockdown restrictions […]
Nestle Nigeria Plc Q3-20: Lower Than Expected Food Sales, Weak Margin Weigh on Earnings
October 30, 2020/Cordros Report NESTLE published its Q3-20 results after market close on Wednesday (28 October). EPS declined 4.6% y/y in Q3, slower than expected growth in revenue and faster growth in cost of sales which resulted in a 283bps gross margin contraction. Annualised, the achieved revenue is 2.0% behind […]
