October 30, 2018/Cowry Asset Kindly Click here to download the 9M 2018, Financial Result Update of Seplat Petroleum Development Company Plc.
Results & Dividends
Nestle Nigeria Plc: Impressive Q3-18 Performance and Solid 9M-18 Run
October 30, 2018/Cordros Update Event: NESTLE published 9M-2018 results yesterday with EPS growth of 81% y/y in Q3. The y/y EPS growth was underpinned by volume-led revenue growth, stronger gross margin, and significantly lower net finance charges, all of which offset high-double digit increase in operating expenses. On […]
Unilever Nigeria Plc | Q3-18 EPS Flattered by One-Off Gain; HOLD!
October 29, 2018/Cordros Report Update: Following the 9M-18 result published last week, we have cut our estimates for UNILEVER’s 2019-2020E EPS by 3% and revise TP lower to NGN39.14/s (previously NGN40.94/s). Stripping out the one-off gain of NGN2.24 billion from the disposal of the Spreads business, we estimate that Q3-18 […]