November 7, 2019/InvestmentOne Report § Mixed top line: down 12.21% q/q, up 13.41% y/y § Higher Gross profit margin: up 113bps q/q; 55bps y/y § Rising OPEX to sales ratio: up 119bps q/q; 44bps y/y § Lackluster PBT performance: down 6.23% q/q; 5.81% y/y Recently, Dangote Sugar Refinery (DSR) Plc […]
Results & Dividends
UBA 9 Months 2019 Result; Strong Top Line Earnings, Stable Outlook
Culled—Proshare November 6, 2019 Teslim Shitta-Bey, Managing Editor United Bank of Africa (UBA) may not have the same tranquil consumer retail appeal as it had when the “wise men bank with UBA” advert was crafted in the 1990’s but the bank has done fairly nicely in both top and bottom line performance for […]
Nestle Plc Q3 2019 Results: Weak Quarterly Sales Weighs on Margins
November 4, 2019/InvestmentOne Report Mixed topline growth: down 2.1% q/q; up 2.4% y/y. · Pressured gross profit margin: down 530bps q/q; 150bps y/y. · Opex to sales ratio at 19.6%: up 90bps q/q; down 10bps y/y. · Contraction in PBT margin: down 680bps q/q; 70bps y/y. Nestle Nigeria Plc released […]
