Culled—Proshare November 12, 2019 By FBNQuest Research Significant cuts to 2019-21E EPS forecasts Unilever Nigeria’s (Unilever) Q3 2019 results marks its weakest performance for as far back as we can track. The company posted a record pre-tax loss of -N4.1bn for the quarter, driven by a -63% y/y decline in […]
Results & Dividends
Flour Mills of Nigeria Plc Q2 2019/20 Results: Weaker Margin Offset the Impact of Border Closure.
November 7, 2019/InvestmentOne Report · Stable top line: up 0.94% q/q, down 0.51% y/y. · Mixed gross profit margin: down 97bps q/q; up 38bps y/y. · Higher Opex to sales ratio: up 112bps q/q; 78bps y/y. · Unstable Profit Before Tax: down 43.07% q/q; up 1.43% y/y. Recently, Flour […]
Presco Plc Q3 2019 Results: Weaker Margin Offsets the Impact of Border
November 7, 2019/InvestmentOne Report § Mixed top line: down 3.84% q/q, up 5.91% y/y. § Lower Gross Profit Margin: down 582bps q/q, 558bps y/y. § Rising Opex/sales ratio: up 181bps q/q; 335bps y/y. § Weak PBT performance: down 33.53% q/q; 48.41% y/y. Recently, Presco published its Q3 2019 results, […]
