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, […]

Dangote Sugar Q3 2019 Results – Border Closure Supports Turnover

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 […]