Culled—Proshare May 3, 2018/FBNQuest Research Event: Nestle Nigeria (Nestle) reports Q1 2018 results Implications: Downward revision to consensus 2018 PBT forecast likely   Positives: Sales of N67.5bn up 10% y/y and 15% q/q respectively Negatives: Nestle reported a net finance charge of –N879m compared with a net finance income of […]

2/5/2018/Mastercard Martina Hund-Mejean On Tuesday May 2, 2018, Mastercard announced its financial results for the first quarter of 2018. Our teams delivered a strong start to the year, with net revenue growing 27 percent on a currency-neutral basis. Our underlying fundamentals were also solid, with volumes up double-digits in most […]

Culled—Proshare May 2, 2018/Vetiva Research Highlights of Vetiva Analyst Report PAT outperforms estimate albeit underlying earnings remain weak Company still relies on short term financing to support operations FY’18 PAT estimate revised lower to ₦2.2 billion (Previous: ₦2.8 billion) TP revised lower on reduction to estimates Strong earnings growth driven […]