August 6, 2020/InvestmentOne Report · Stable topline performance: up 0.5% q/q, down 0.3% y/y. · Declining gross profit margin: down 370bps q/q; 750bps y/y. · Fall in Opex to sales ratio to 20.1%: down 260bps q/q; 120bps y/y. · Weakened PBT margin: down 160bps q/q; 680bps y/y. The earlier released […]
Results & Dividends
Nigerian Breweries Plc H1 2020 Results: Earnings Reflective of Effects of COVID-19
August 6, 2020/InvestmentOne Report -19 · Weak topline performance: down 21.1% y/y, 17.5% q/q. · Pressured gross profit margin at 35.4%: down 673bps y/y, 653bps q/q. · Mixed opex/sales ratio: down 86bps y/y, up 57bps q/q. · Poor PBT Margin performance at 0.1%: down 905bps y/y, 984bps q/q. The earlier […]
Unilever Nigeria Plc H1 2020 Results: Cost Pressures Mar Bottom Line Performance
August 6, 2020/InvestmentOne Report · Uninspiring topline performance: up 5.1% q/q, down 40.2% y/y · Falling gross profit margin: down to 19.5% from 25.7% and 31.9% on a q/q and y/y basis respectively. · Surge in Opex/sales ratio to 28.7%: up from 22.1% and 21.0% on a q/q and y/y […]
