October 30, 2019/Cordros Report Event: NESTLE recently published 9M-19 results, which showed that the company’s EPS declined by 9.1% y/y in Q3, driven by increased cost of sales, gross margin contraction, higher OPEX and a higher effective tax rate. The achieved EPS missed our estimates for the three months period […]

October 30, 2019/InvestmentOne Report ·         Turnover: down 44.77% q/q, down 37.27% y/y. ·         Gross margin performance: down 144bps q/q, up 235bps y/y. ·         OPEX/Sales ratio: down 52bps q/q, down 995bps y/y. ·         PBT Margin: down 82bps q/q, up 2151bps y/y. Lafarge Africa published its Q3 2019 results on Monday. The […]

October 28, 2019/Oando Plc Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results for the nine months period ended September 30, 2019. Commenting on the results Wale Tinubu, Group […]