Culled—Proshare June 2, 2020 By CardinalStone Research Presco Plc (PRESCO) recently published its FY’19 (audited) and Q1’20 results. The company recorded PAT declines in FY’19 (-10.4% YoY) and Q1’20 (-15.9% YoY). Following the release of the FY’19 result, the company declared a dividend of N2.00 per share (implied dividend yield […]
Results & Dividends
Nestle Nigeria Maintained Outperform Rating in Q1 2020 Despite Cut to PT
Culled—-Proshare June 2, 2020 By FBNQuest Research -13% average cut to 2020-22E EPS forecasts Nestle Nigeria’s (Nestle) underlying performance for Q1 2020 fell slightly behind expectations with PBT missing by -5%. PAT missed by -13% because of a -14% negative surprise in tax charges. Despite a -9% y/y decline […]
Dangote Cement Plc. Q1 2020 Results: Positive Performance Top to Bottom
May 29, 2020/InvestmentOne Report · Turnover Performance: up by 17.61% q/q and 3.76% y/y. · Gross margin performance: up by 60bps q/q, down 44bps y/y. · OPEX/Sales ratio: down by 393bps q/q and 25bps y/y. · PBT Margin Performance: rose to 35.34% from 24.92% in Q4 2019 and 32.88% in Q1 2019. […]
