July 31, 2019/Cordros Report Event: NB published H1-19 results after the close of market yesterday, reporting EPS decline of 27.8% y/y. For the three months ended June (Q2), EPS declined 35.7% y/y. EPS was impacted by lower revenue, higher operating expenditure and net finance costs. The achieved revenue was slightly […]
Results & Dividends
Dangote Cement Plc Q2 2019: Tepid Revenue, Improved Margin
July 30, 2019/InvestmentOne Research § Turnover Performance: down 5.24% q/q, 5.31% y/y. § Gross margin performance: up 25bps q/q, 54bps y/y. § OPEX/Sales ratio: up 105bps q/q, up 414bps y/y. § PBT Margin Performance: up 75bps q/q, 153bps y/y. Dangote Cement published its Q2 2019 results on Monday. The cement […]
Union Bank Reports N12.1 Billion Pretax Profit in H1 2019
July 30, 2019/Union Bank of Nigeria Plc Union Bank, one of Nigeria’s longest standing and most respected financial institutions, announces its unaudited financial statements for the period ended June 30, 2019. Group Financial Highlights: • Profit before tax: up 4% to ₦12.1bn (₦11.7bn in H1 2018). • Gross earnings: declined […]
