August 3, 2020/Cordros Report NB published H1-20 results during last week’s holiday, reporting EPS decline of 57.3% y/y. For the three months ended June (Q2), EPS declined 98.4% y/y. EPS was impacted by lower revenue, weaker margins and higher finance costs. Gross revenue declined by 21.0% y/y (H1-20: -10.8% y/y) […]
Results & Dividends
Nestle Nigeria Plc Q2-20: : Topline Outperforms Expectations as Margin Hits Nine Quarter Low
August 3, 2020/Cordros Report NESTLE recently published H1-20 results, with EPS decline of 16.8% and 20.7% y/y in H1 and Q2, respectively. EPS was weighed by weaker gross margin and higher net finance costs. Revenue declined by 0.3% y/y in Q2-20 (H1: -0.6% y/y), a smaller decline than expected, following […]
11 Plc Q2 2020 Unaudited Results – Earnings Plunge On Weaker Sales Volume
Culled—Proshare July 31, 2020 By CardinalStone Research 11 Plc (MOBIL: TP – N177.26: HOLD) reported a 47.7% decline in EPS to N3.42 in its unaudited Q2’20 results due to weaker sales and higher operating cost. Key highlights: Revenue plunged by 43.8% YoY in Q2’20, driven by sales weaknesses in Fuels […]
