In Your Interest
Culled—Proshare April 26, 2019/ARM Research Intense competition bite earnings The volume erosion which started in Q1 2019, persisted in the third quarter, with Guinness results released yesterday showing decline in revenue by 3.8% YoY. Given the drag that emanated from the Lager and Ready to drink (RTD) volumes over the […]
April 26, 2019/Cadbury Nigeria Plc Cadbury Nigeria Plc (“Cadbury Nigeria” or “the Company”) today announced revenue of N9,283billion for the three months ended March 31, 2019. This represents an increase of 12.7 percent over N8,235billion revenue realised within the same period in 2018. The Company also recorded gross profit of […]
Culled—Proshare April 26, 2019/ FBNQuest Research 2% avg. increase to our 2019-20E EPS forecasts GT Bank’s (GTB) Q1 2019 results surprised positively relative to our forecasts. As such, we have upgraded our 2019-20E EPS forecasts by an average of 2% and our price target by c.4% to N48.5. On annualised […]