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 […]
Results & Dividends
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 […]
Nestle Nigeria Plc Q1 2018 Earnings Review
June 15, 2018/InvestmentOne Report Limited Upsides Potential Despite Improving Macro Environment We maintain a HOLD recommendation on Nestle Nigeria Plc following the release of its Q1 2018 scorecard. Our view is premised on the limited upside represented by our target price of N1,570 against current price levels. We highlight that […]
