Culled—Proshare June 8, 2020 by FBNQuest Research Modest increases to forecast earnings Unilever Nigeria’s (Unilever) PBT of N948m beat our pre-tax loss forecast of -N902, driven by a -34% positive surprise in opex. Beyond that, management during its Q1 call was upbeat about the company gradually recovering from the distribution […]
Results & Dividends
Lafarge Africa Plc Records 92% Growth In PAT For FY 2019, Pays Shareholders 100k Dividend
Culled—Proshare June 3, 2020 Bukola Akinyele for WebTV Lafarge Africa Plc, a major player in Nigeria’s cement market and construction industry, held its 61st Annual General Meeting, which was coordinated by the Chairman of the Board Mr. Mobolaji Balogun. The AGM afforded the management the opportunity to discuss Lafarge Africas […]
Lafarge Africa Maintained Outperform Rating in Q1 2020
Culled—Proshare June 3, 2020 by FBNQuest Research -25% cut to our 2020-21E EPS forecasts Lafarge Africa’s (Lafarge) Q1 2020 earnings of N8.1bn improved 215% y/y. The primary drivers were a -65% y/y decline in net finance charges following the firm’s deleveraging off its balance sheet via a N90bn rights issue […]
