Culled—Proshare November 4, 2020 by FBNQuest Research -14% Cut to Price Target; Underperform Rating Maintained Unilever Nigeria’s (Unilever) Q3 2020 recovery from last year’s distribution crisis and Q2’s lockdown was eroded by a material increase in overheads and borrowing costs. Specifically, sales surged 94% y/y and 24% q/q, but […]
Results & Dividends
Ikeja Hotel Says N1.4 Billion Loss in Q3 2020 Due to COVID-19 to Affect Dividend Declaration
November 3, 2020/NSE Ikeja Hotel Plc has issued a Statement to its Shareholders on the unaudited group Accounts for the third quarter ended September 30, 2020. The statement stated that the Loss After Tax of N1.4 Billion recorded by the group in the Third Quarter Financial Statements was due to the continued effects […]
Presco Plc Q3 2020 Unaudited Results – Cost Pressures Keep Earnings Flat
Culled—Proshare November 3, 2020 by CardinalStone Research Presco Plc (PRESCO: TP – N58.22) reported a marginal decline (-0.3% YoY) in earnings after tax to N640.4 million in its Q3’20 unaudited results. The company’s top line growth was offset by operating costs and asset disposal losses. Some Highlights PRESCO reported a […]
