Culled—Proshare April 10, 2019/FBNQuest Research Neutral rating maintained 11 Plc’s FY earnings of N9.3bn missed our estimate by around 10% due to negative surprises on the opex and other income lines. Although 11’s petroleum products marketing business grew y/y with sales up 31%, driven by white product sales which grew […]
Results & Dividends
OKOMUOIL FY 2018: Weaker Pricing Weighs on Earnings
April 9, 2019/InvestmentOne Report § Flat Revenue: down marginally by 0.02% y/y. § Weaker Gross profit margin: down 560bps y/y. § Stable OPEX to sales ratio: down 42bps y/y. § Lower PBT performance: down by 7.20% y/y. Recently, The Okomu Oil Palm Plc published its FY 2018 results, which were reflective […]
Dangote Sugar Q4 2018: Lower Pricing Weighs on Turnover and PBT Performance.
April 9, 2019/InvestmentOne Report § Mixed top line: up 2.87% q/q, down 18.78% y/y § Improving Gross profit margin: up 778bps q/q; 557bps y/y § Stable OPEX to sales ratio: down 99bps q/q; 41bps y/y § Mixed PBT performance: up 33.18% q/q; down 57.24% y/y Recently, Dangote Sugar Refinery Plc […]
