Culled—-Proshare April 25, 2018/ARM Research Unilever Nigeria Plc (Unilever) began the 2018 financial year positive reporting impressive EPS of N0.50 (+19.1% YoY) which was largely in line with our expectation (ARM forecast: N0.49). Broadly, earnings growth reflected volume-led revenue growth (+16.4% YoY to N25.8 billion) and lower operating expenses to […]

April 25, 2018/NB Plc The Board of Directors of Nigerian Breweries Plc has announced a Profit after Tax of N10.2 billion for the first quarter of 2018. The unaudited and provisional results released to The Nigerian Stock Exchange show that the N10.2 billion represents an 11.8% decrease over the N11.4 […]

Culled—Proshare 24/4/2018/ARM  Research Dangote Cement (DANGCEM) released Q1 18 result this afternoon showing a double-digit growth of 29.1% YoY growth in EPS to N4.23 (missing our estimate of N4.29). Performance stemmed largely from improved margins, better cost management and a surprise foreign exchange gain (+305% YoY to N12 billion) which […]