Culled—Proshare August 5, 2020 FBNQuest Research 20% increase to our price target Following FCMB’s Q2 earnings which surprised positively, we have increased our new price target by 20% to N3.42; this implies a potential upside of c.77% from current levels. In addition to the positive surprise on both revenue […]
Results & Dividends
Seplat Plc H1’Q2 2020; Company’s Performance Impacted by Pandemic
August 4, 2020/InvestmentOne Report · Top line Performance: down 11.11% q/q, 37.20% y/y. · Gross profit margin: down to 5.73%, from 25.37% in Q1 2020 and 64.22% in Q2 2019. · OPEX/sales ratio: down to 47.25%, from 12.79% in Q1 2020 but up from 22.53% in Q2 2019. · PBT […]
| NESTLE H1-2020 Unaudited Result: Food segment weakness, higher input cost weigh on earnings
August 4, 2020/United Capital Report Last week, Nestle Nigeria Plc (NESTLE) submitted its financial result for H1-2020 and according to the report both Revenue and Profit after Tax declined by 0.6%y/y and 16.8% to N141.0bn and N21.8bn, respectively. This was as all the cost items, save for Selling & Distribution […]
