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 […]
Results & Dividends
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 […]
FBNH H1 2020 Unaudited Results – Asset Disposal Gain Bloats Quarterly Performance
Culled—Proshare July 31, 2020 By CardinalStone Research FBN Holdings Plc (FBNH: TP – N7.47: BUY) result highlights: H1’20 earnings surged by 56.3% YoY, supported by a 46.8% jump in non-interest income and a N13.8 billion gain in discontinued operations that was mostly influenced by the sale of the firm’s 65.0% […]
