Culled—Proshare August 24, 2020 by FBNQuest Research 2021-23E average EPS and PT up 83% and 23% respectively Flour Mills Nigeria’s (FMN) Q4 2020 (end-Mar) and Q1 2021 (end-Jun) results imply that the earnings boost received from last year’s border closure was more significant than we had anticipated. PBT beat our […]
Results & Dividends
Alibaba Group Reports June 2020 Quarter Earnings
August 21, 2020 By Alizila Staff Alibaba Group today announced financial results for the quarter ended June 30, 2020. Highlights of the group’s fiscal first-quarter earnings are in the infographic and summary below. To read Alibaba Group’s press release covering the results in greater detail, click here. Highlights Revenue growth […]
UAC of Nigeria Q2 2020 Results Review: Results Reflective of Lacklustre Demand
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, […]
