Culled—Proshare March 29, 2018/FBNQuest Research Event: PZ Cussons Nigeria reports Q3 2018 (end-Nov) results Implications: Negative reaction expected by the market Positives: Q3 PBT and PAT up 5% q/q and 6% q/q to N1.1bn to N668m respectively Negatives: Sales declined -7% y/y to N22.1bn while PAT fell -64% y/y Today, […]
Results & Dividends
PZ Cussons Nigeria Plc: Q3-18 weak earnings echo management’s earlier warning
March 29, 2018/Cordros Report Update: PZ just published 9M-18 and Q3-18 results which fell well-short of broad expectations, in line with management guidance two weeks ago. Management had guided that trading conditions have been unusually challenging thus far in H2, and expects its profits over the period, and indeed for […]
OKOMUOIL Reports Q4 2017 Results – Shares Have Gained 6.4% vs the NSEASI Which Has Returned 7.8% YTD
Culled—Proshare March 28, 2018/FBNQuest Research Event: Okomu Oil reports Q4 2017 results Implications: Modest revisions to consensus estimates likely Positives: PBT and PAT up 147% y/y and 222% y/y respectively Negatives: Limited This morning, Okomu Oil (Okomu) reported its Q4 2017 results which showed that sales grew by 7% y/y […]
