August 1, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian Stocks on Wednesday reversed its previous sessions uptrend; as bears resurfaced in the equities market, halting the four-day bull run, with the benchmark dropping 1.09 percent to 39,031.72 points, as investors booked profit on previous gains. Total volume of trades dipped […]
Results & Dividends
Presco Plc Q2 2018/H1 2018 Results: Initial Impression – Lower Pricing Weighs on PBT Performance
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 […]
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 […]
