Culled—Proshare August 3, 2020 By CardinalStone Research Nestle Nigeria Plc (NESTLE: TP – N1,455.22: BUY) result highlights: H1’20 earnings declined by 16.8% YoY on weaker top line growth (-0.6% YoY) and higher production cost pressure (cost to sales: 56.9% vs 53.4% in H1’19) Q2’20 earnings wakened by 20.7% YoY following […]
Results & Dividends
SEPLAT H1-2020 Unaudited Result: Emerging from the ashes
August 3, 2020/United Capital Earlier, SEPLAT published its H1-2020 earnings, recording a basic loss per share from continuing operations of -$0.19 vs earnings per share of $0.21 in H1-2019. No doubt, the COVID-19 pandemic affected the prices of the Energy giant’s main product, as revenue declined by 34.2% y/y to […]
Nigerian Breweries Plc Q2-20: Pandemic weighs on margins, earnings
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) […]
