Culled—Proshare August 20, 2020 by FBNQuest Research Marked decreases to earnings and price target We have cut our price target for UAC of Nigeria (UACN) by -26% to N7.4 on the back of a lower sum-of-the-parts valuation, following the Q2 earnings miss. The company recorded a pre-tax loss of -N264m, […]
Results & Dividends
Lafarge Africa Q2 2020 Results Review: Business Optimisation Enhances Earnings Outlook
Culled—Proshare August 19, 2020 by FBNQuest Research Outperform rating maintained Lafarge Africa’s (Lafarge) Q2 2020 surprised positively. Our forecasts were hinged on a significant adverse impact on cement volume sales from the pandemic-related lockdown during the quarter. However, Lafarge and indeed the sector faired better. Lafarge’s cement volumes were down […]
FMN Reports 184% Post-Tax Profit in 2019/20 Year End, Says Final Dividend Up 17% to N1.40 Per Share
. Shows remarkable growth in all key segments of Food, Agro-Allied and Sugar . Feeding the Nation every day’, FMN puts 2020 focus on improved customer experience and sustainable growth . Agro-Allied business sees astounding profit growth in Oil and Fats and Proteins August 19, 2020/ANA PR . Proposes final […]
