Culled—Proshare April 29, 2020 CardinalStone Research Seplat Petroleum Development Company Plc (SEPLAT:NGSE) reported a $106.6 million loss in its unaudited Q1’20 result. The loss was mainly driven by a $145.5 million impairment loss (vs. gain of $.14.0 million in Q1’19) charged on its oil and gas assets during the period. […]
Results & Dividends
Union Banks Says Q1’20 Pretax Profit Up 19% to ₦6.2Bn
April 29, 2020/UBN Plc Union Bank, one of Nigeria’s longest standing and most respected financial institutions, announces its unaudited financial statements for the quarter ended March 31 2020. Bank Financial Highlights: • Profit before tax: up 19% to ₦6.2bn (₦5.2bn in Q1 2019). • Gross earnings: grew 18% to ₦42.6bn […]
Okomu Oil Palm Plc 2019FY Update: Target Price Downgraded on CPO Price Erosion
April 29, 2020/InvestmentOne Report Our key takeaway from Okomu audited 2019FY earnings is the sequential deterioration in gross margin. In fact, Okomu reported a negative gross margin of -10.4% in Q4-19; the first loss at the gross level in the history of the company. For clarity, COGS grew by 20.1% […]
