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 […]

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 […]

July 30, 2019/InvestmentOne Report §  Mixed Performance in Revenue: down 9.63% q/q, up 128.10% y/y. §  Declining gross margin performance: down 163bps q/q, 396bps y/y. §  Increasing OPEX/Sales ratio: up 233bps q/q, 166bps y/y. §  Declining PBT Margin: down 309bps q/q, 362bps y/y. CCNN published its Q2 2019 results on […]