August 21, 2020/United Capital Report Recently, Flour Mills of Nigeria (FLOURMIL) released its unaudited Q1-2020/21 financial result. According to the report, Revenue grew 14.7% y/y to N154.8bn in FY-2019/20 while Profit After Tax (PAT) rose faster by 17.3% y/y to N5.0bn. Below we give our take on the result as well […]
Results & Dividends
UBA Board Approves H1 2020 Result, Interim Dividend
August 17, 2020/NSE Please refer to the announcement dated July 28, 2020 which notified the Nigerian Stock Exchange and the investing public of the Board Meeting of United Bank for Africa Plc. Please be informed that the Board of United Bank for Africa Plc at its meeting which held on […]
Dangote Cement Q2 2020 Results Review: West and Central Africa Export Push Underpins Growth
Culled—Proshare August 14, 2020 by FBNQuest Research Neutral rating maintained Dangote Cement’s (DangCem) Q2 2020 results surprised positively. Although sales were hurt in Nigeria and Pan Africa due to covid-related restrictions put in place in Q2, the impact of the pandemic was limited. In Nigeria, national cement sales volumes […]
