Culled—Proshare July 29, 2020 By CardinalStone Research Seplat Petroleum Development Company Plc (NGSE: SEPLAT) published its unaudited Q2’20 results and held an analysts’ call today. The company announced a $3.62 million loss in Q2’20 (vs $85 million profit in Q2’19), driven by a steep decline in revenue (-47.3% YoY) due to […]
Results & Dividends
Seplat to Drill Two Gas Wells this Year as Cash Reserves Rise to $343M
… Maintains $120m capex, records $234m revenue July 29, 2020/SEPLAT Lagos and London, 29 July 2020: Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced a cash increased […]
INTBREW H1-2020: Operational challenges outweigh the benefits of capital restructuring
July 29, 2020/United Capital Report Operational challenges and FX issues outweigh the benefits of capital restructuring Recently, International Breweries Plc (INTBREW) published its unaudited H1-2020 financial result. According to the report, Revenue declined by 11.7%y/y to N60.6bn, dragged by the underwhelming performance in Q2-2020 (-24.7%y/y) amid the negative impact of […]
