November 6, 2020/Cordros Report Event: DANGCEM published Q3-20 audited financials after the close of market today. Q3 EPS more than doubled to N4.80 (+129.9% y/y) underpinned by solid revenue growth and foreign exchange gains, despite the surge in tax charge (NGN26.6bn in Q3-20 vs NGN7.1bn in Q3-19). The robust growth […]

Culled—-Proshare November 6, 2020 By FBNQuest Research Palm oil sales declines y/y on seasonal trends  Okomu Oil’s (Okomu) Q3 2020 earnings fell -37% y/y to N922m. The drivers behind this were a sales decline of -27% y/y to N5.1bn and gross margin contraction of around -1,362bps y/y to 78.9%. Palm […]

November 6, 2020/InvestmentOne Report ·        Topline performance bounce-back: up 25.6% y/y, 19.9% q/q. ·        Improved gross profit margin at 37.5%: up 2bps y/y, 210bps q/q. ·        Gains on opex/sales ratio: down 820bps y/y, 90bps q/q. ·        PBT Margin performance at 3.2%: up 657bps y/y, 310bps q/q. The earlier released Q3 […]