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 […]
Results & Dividends
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 […]
Unilever Nigeria Q4 2018 Results Review: Neutral Rating Maintained
Culled—Proshare April 8, 2019/by FBNQuest Research 8% average cut to our 2019-21E EPS forecasts Unilever Nigeria’s (Unilever) FY 2018 performance was weighed down by weak Q4 earnings. The company made a pre-tax loss of –N30m during the quarter (compared with Q4 2017 PBT of N4.0bn) driven by a -865bp gross […]
