Culled—Proshare April 29, 2019 By Meristem Research Net Revenue Stays Flattish Nigerian Breweries Plc. (NB) reported a growth of 3.33% and 0.38% in gross and net revenues. Net revenue settled at NGN83.28bn in Q1:2019 (vs. NGN82.97bn in Q1:2018), weakened by the increase in excise duties, which accounted for 16.82% of […]
Results & Dividends
Total Nigeria Plc: Group Slumps to Unprecedented Quarterly Loss
April 29, 2019/Cordros Report Event: TOTAL just published Q1-19 results, with PAT decline of 128.4% y/y, resulting in the company posting its first quarterly loss on record. PAT was impacted by gross margin decline, as well as higher operating expenditure and net finance costs. Revenue grew by 2.3%/ y/y, the […]
DANGCEM Q1’ 19 – Mounting Competition, Margin Erosion, Declining Earnings
Culled—Proshare April 29, 2019 By Janet Ogunkoya of ARM Research In our stock update released in March (See Report: Competition caps earnings growth), we had guided that the increased competition in the cement space with onboarding of additional capacity of 1.5 million tons by CCNN in the North West and […]
