February 6, 2018/NSE Flour Mills of Nigeria PIC, market leader in food and agro-allied products in Nigeria, today announced its unaudited financial statements with record growth in profitability for the nine months ended 31st December 2017. Key Highlights Group Group recorded revenue of N427.5 billion, up from N389.9 billion, in […]
Results & Dividends
Guinness Nigeria Plc – Earnings momentum picks up in H1”18
Culled—Proshare February 1, 2018/Vetiva · H1’18 revenue slightly above estimate, up 19% y/y · EBIT margin strengthens on operating cost improvement · Debt burden fading, loans down 250% y/Y · PAT strengthens to ₦2.1 billion in H1’18 (H1’17: ₦4.7 billion LAT) Volumes drive revenue growth in H1’18 results Printing slightly ahead of Vetiva estimate, […]
Flour Mills of Nigeria Reports Q3 2018 Results – PBT and PAT Grew by 303% and 418% YoY Respectively
Culled—Proshare February 1, 2018/FBNQuest Event: Flour Mills of Nigeria (FMN) reports Q3 2018 (end-Dec) results Implications: Likely upward revisions to consensus 2018 PBT forecast Positives: PBT and PAT grew by 303% y/y and 418% y/y respectively. Negatives: Sales declined by 4% y/y, interest expense spiked up by 26% y/y Flour […]
