July 6, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Shareholders of food and beverage makers, Cadbury Nigeria Plc at the company’s 53rd Annual General Meeting (AGM) on Friday endorsed the payment of 16 kobo per share dividend amounting to N301.5 million for the period ended December 31, 2017 despite harsh operating […]
Results & Dividends
FLOURMILL FY 2018 Results – Gains from Deleveraging To Support FY 2019 PAT
Culled—Proshare July 4, 2018/Vetiva Research Weak Q4’18 performance drives FY earnings underperformance 5% revenue growth expected for FY’19 amidst muted price increases Lower debt balance to support moderation in interest costs Operating margin estimate reduced, BUY rating maintained Weak Q4 performance dampens earlier gains from FY’18 FLOURMILL recently released its […]
Flour Mills of Nigeria Q4 2018 Results – Sales Down by -14% YoY to N115.16bn
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 […]
