July 27, 2018/Cordros Report Update: UNILEVER published H1-18 result last week, with first quarter numbers restated. For the three months ended June (Q2), revenue grew 7.5% y/y, while EBIT was down 24% y/y. PAT grew by 36% y/y, thanks to net finance income of NGN1 billion (vs. loss of NGN780 […]

Culled—Proshare July 27, 2018/FBNQuest Capital  ­Event: 11 PLC (11) reports better-than-expected Q2 2018 results Implications: Upward adjustment to consensus estimates expected following better-than-expected results. Compared with our estimates, while sales were in line with our N40.4bn forecast, PBT beat by c.22%. The variance was driven by positive surprises on the […]

July 27, 2018/LafargeHolcim • Strong revenue growth of 6.2% in Q2 and 4.8% in first half on a like-forlike basis • Recurring EBITDA up 1.5% for Q2, -1.4% for first half on a like-for-like basis • Full year 2018 targets confirmed • On track to deliver Strategy 2022 – “Building […]