August 13, 2020/InvestmentOne Report · Turnover: down 12.37% q/q, up 1.21% y/y. · Gross margin performance: up 167bps q/q, down 256bps y/y. · OPEX/Sales ratio: up 89bps q/q, 47bps y/y. · PBT Margin: up 261bps q/q, 82bps y/y. BUA Cement published its Q2 2020 results displaying a flattish performance in […]
Results & Dividends
Nigerian Breweries Ends H1 2020 on a Sour Note
Culled—Proshare August 10, 2020 by FBNQuest Research -14% cut to average EPS estimates over the 2020-22E period Nigerian Breweries’ (NB) Q2 results show a PBT decline of -99% y/y, marking the worst second-quarter performance since as far back as we can track. The PBT was also significantly behind our forecast […]
Total Nigeria Plc Q2 2020 Results Review: Bleak Growth Outlook as Competition Intensifies
Culled—Proshare August 10, 2020 by FBNQuest Research PT of N97.0 down by around -17% Unsurprisingly, Total Nigeria’s (Total) Q2 2020 performance was subdued due to movement restrictions in key states across the country. While this was an obvious drag on performance, growing competition from other major marketers provides a sterner […]
