April 3, 2019/InvestmentOne Report ·         Mixed topline growth: down 14.8% q/q, up 3.5% y/y. ·         Lower gross profit margin: down 508bps q/q, 865bps y/y. ·         Non-directional opex/sales ratio: down 178bps q/q, up 392bps y/y. ·         Loss Before Tax of N30.14million against a Profit Before Tax of N5.11billion and N4.08billion in […]

April 3, 2019/InvestmentOne Report •        Rising Topline:  up 7.93% q/q, 18.96% y/y •        Poor gross margin: down 1658bps q/q; 3130bps y/y •        Higher OPEX to sales ratio: up 199bps q/q;  151bps y/y •        Lacklustre PBT performance: Loss of N5.64billion from Profit of N52million in Q3 2018 and a loss of […]

April 2, 2019/Cordros Report Event: DANGSUGAR just published 2018FY results, with EPS down 44.1% y/y following poor performance across key lines. Revenue, PBT, and PAT dipped by 26% y/y, 35% y/y, and 44% y/y, respectively. The board proposed a final dividend of NGN1.10/s (2017FY: NGN1.25/s), which translates to a yield […]