Culled—Proshare August 3, 2020 By CardinalStone Research Ardova Plc (ARDOVA : TP – N14.42) has reported a 75.8% YoY decline in profit after tax to N514.9 million in its Q2’20 unaudited results. Key Highlights: Revenue declined by 12.3% YoY to N35.3 billion in the quarter due to sales weaknesses across fuels […]
Results & Dividends
NESTLE Q2’20 Unaudited Results – Earnings Slide on Production Cost Pressures
Culled—Proshare August 3, 2020 By CardinalStone Research Nestle Nigeria Plc (NESTLE: TP – N1,455.22: BUY) result highlights: H1’20 earnings declined by 16.8% YoY on weaker top line growth (-0.6% YoY) and higher production cost pressure (cost to sales: 56.9% vs 53.4% in H1’19) Q2’20 earnings wakened by 20.7% YoY following […]
SEPLAT H1-2020 Unaudited Result: Emerging from the ashes
August 3, 2020/United Capital Earlier, SEPLAT published its H1-2020 earnings, recording a basic loss per share from continuing operations of -$0.19 vs earnings per share of $0.21 in H1-2019. No doubt, the COVID-19 pandemic affected the prices of the Energy giant’s main product, as revenue declined by 34.2% y/y to […]
