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 […]
Results & Dividends
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 […]
Nigerian Breweries Plc Q3-20: Better Than Expected Volume Recovery Brings Earnings in Line with Estimates
October 30, 2020/Cordros Report NB published its Q3-20 results yesterday (29 October). The company reported a positive Q3 EPS (NGN0.17 vs Loss Per Share of NGN0.13 in Q3-19) for the first time since Q3-17, driven by a surge in revenue, and lower operating expenses. Annualised, the achieved revenue is 6.5% […]
