Culled—Proshare July 2, 2018/FBNQuest Research Event: Flour Mills of Nigerian (FMN) reports weaker-than-expected Q4 2018 (end-Mar) results Implications: FMN’s 2018 PBT surprised negatively relative to consensus 2018 PBT forecast of N22.8bn. As such, we expect to see downward revisions to consensus 2019E PBT forecast and a negative reaction by […]
Results & Dividends
Flour Mills of Nigeria Plc: Q4-18 Revenue, Margins Lower-Than-Expected; Earnings Disappoint
July 2, 2018/Cordros Report Update: FLOURMILL released Q4-18 and 2018FY results earlier today. The 2018FY result shows revenue grew by a marginal 3.5% while net profit increased by 54.1% over 2017FY numbers. Both were behind consensus estimates by 7% and 12% respectively. For Q4-18, revenue was down 14.4% y/y and […]
Dangote pays 90% of net profits as dividend
…Delights shareholders with N10.50 per share payout June 21, 2018/Dangote Group Shareholders of Dangote Cement on Wednesday at the company’s 9th Annual General Meeting (AGM), held in Lagos were full of praise for the Board, Management and staff of the company after approving the dividend payout of N10.50 per 50k […]
