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 […]
Results & Dividends
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 […]
Dangote Cement Q3 2019 Result: PBT Margin Performance Down to -19.90%
November 1, 2019/InvestmentOne Report Q3 2019 result highlight: § Turnover Performance: down 6.82% q/q, up 4.54% y/y. § Gross margin performance: down 450bps q/q, down 126bps y/y. § OPEX/Sales ratio: up 291bps q/q, up 210bps y/y. § PBT Margin Performance: down to 19.90%, from 33.24% and 30.48% in Q2 2019 […]
