Results & Dividends

Total Nigeria Plc FY’19 – Earnings Weakness Subsists Despite Asset Disposal Gain

Culled—-Proshare January 29, 2020 CardinalStone Research Total Nigeria Plc (TOTAL) released a FY’19 unaudited result that revealed a 69.6% YoY plunge in profit after tax to N2.4 billion despite a one-off asset disposal gain of N2.8 billion. Ex the disposal gain, TOTAL would have reported a c. N341.4 million loss […]

Earnings Review: Maintaining the Course As The Calendar Changes

January 29, 2020/Mastercard Sachin Mehra While life has its twists and turns, having a plan and being able to navigate the changing waters will determine if you’re successful. Business is no different. It’s about the strategy and being able to deliver on it. Never has that been more true than […]

NASCON Reports First Loss After Tax

January 29, 2020/Cordros Report Event: NASCON just published 2019FY unaudited results, with EPS down a staggering 56.1% y/y on higher COGS (+20.4% y/y) and operating (+56.2% y/y) costs, both of which outpaced revenue (+7.0% y/y) growth. For Q4-19 standalone, the company recorded its first quarterly loss on record following a […]