August 2, 2018/InvestmentOne Report Mixed topline performance: up 8.11% q/q, down 0.03% y/y. · Contracted gross profit margin: down 339bps q/q, 300bps y/y. · Higher opex/sales ratio: up 232bps q/q, up 230bps y/y. · Declining Profit before tax: down 19.34% q/q, down 33.18% y/y. Nigerian Breweries Plc’s published Q2 2018 […]
Results & Dividends
Flour Mills of Nigeria Plc Q1 2019 Results: Initial Impression – Lower Sales Volume Weighs on PBT Performance
August 2, 2018/InvestmentOne Report Q1 2019 results highlight: Lower Sales Volume Weighs on PBT Performance · Mixed top line: up 15.52% q/q, down 10.70% y/y. · Improving gross profit margin: up 191bps q/q; up 140bps y/y. · Mixed Opex to sales ratio: down 273bps q/q; up 148bps y/y. · Volatile Profit […]
SEPLAT Q2 2018 Results Review – Sales Up by 53% YoY to US$162m
Culled—Proshare August 2, 2018/FBNQuest Capital Event: Seplat Petroleum Development Company (Seplat) reports Q2 2018 results Implications: Seplat’s Q2 numbers continued the y/y improvement following the resumption of exports via third-party operated TransForcados System (TFS). While sales of US$162m grew 53% y/y, PBT of US$63m compares with a loss before […]
