August 1, 2018/InvestmentOne Research NIGERIA | EQUITIES | AGRICULTURE | PRESCO PLC. Q2 2018 result highlight: Lower Pricing Weighs on PBT Performance. · Lower top line: down 24.62% q/q, 12.13% y/y. · Mixed Gross Profit Margin: down 376bps q/q, up 406bps y/y. · Rising Opex/sales ratio: up 519bps q/q; 135bps […]
Results & Dividends
Nigerian Breweries Plc: A notably weak Q2-18 earnings; HOLD
August 1, 2018/Cordros Capital Update: NB reported 33.1% y/y decline in Q2-18 EPS, impacted by sales and gross margin declines, as well as higher effective tax rate, which offset a significantly lower net finance cost. Both the achieved revenue and net profit trailed our estimates for the three months period […]
Presco Plc Q2 2018 Results – Lower CPO Prices Submerge Earnings
Culled—-Proshare 31/7/2018/ARM Research Yesterday, Presco Plc (Presco) released its Q2 2018 result wherein earnings declined 16% YoY to N1.39 billion, translating to an EPS of N1.39. This represents its second consecutive plunge in earnings as cumulative PAT in H1 2018 dipped 28.2% YoY to N3.99 billion. Further breakdown reveals that […]
