February 19, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and Discount Houses with high Non-Performing Loans (NPLs) not pay dividend to shareholders, according to a circular dated January 31, 2018 with reference number BSD/DIR/GEN/LAB/11/002 and signed by Ahmad Abdullahi, director, Banking Supervision Department, […]
Results & Dividends
Nigerian Breweries Q4’17 Result: Slide in Net Finance Cost Supports Bottom Line performance
16/2/2018/InvestmentOne Report · Mixed topline growth: up +21.98% q/q; down -1.27% y/y · Mixed gross margin: up +659.9bps q/q; down -86.8bps y/y · Contraction in opex to sales ratio: down -592.9bps q/q; -97bps y/y · Improvement in PBT: N12.20bn in Q4 2017 against N370m in Q3 2017, +2.72% y/y On Thursday, Nigeria […]
Nigerian Breweries Reports Q4 2017 Results – Gross Margin Fell By 87bps YoY to 41.0%
Culled—Proshare February 16, 2018/FBNQuest Event: Nigerian Breweries reports Q4 2017 results Implications: Downward revisions to consensus 2018 PBT forecast likely Positives: Limited, a 15% y/y reduction in net finance charges Negatives: Gross margin fell by 87bps y/y to 41.0% Late yesterday, Nigerian Breweries (NB) published its Q4 2017 results which […]
