Culled—Proshare August 2, 2017/FBNQuest Research Rolling over to 2018 Following FCMB’s Q2 2017 results, we have increased our EPS estimates over the 2017-18E period by an average of 12%. This is because we have chosen to limit the impact of the weaker-than-expected non-interest income result in Q2 that we carry […]
Results & Dividends
International Breweries Reports Q1 2018 Results as Gross Margin Contracted by 411bps YoY
Culled—Proshare August 2, 2017/FBNQuest Research Event: International Breweries reports Q1 2018 (end-Jun) results Implications: Neutral reaction expected by the market Positives: Sales grew by 37% y/y; PAT of N1.4bn compares with a post-tax loss of –N1.7bn recorded in Q1 2017 Negatives: Gross margin contracted by -411bps […]
UAC Of Nigeria Plc. : Earnings dip as input and interest costs bite
Culled—-Proshare August 2, 2017/Vetiva Research · Feeds business fuels growth, Group revenue up 32% y/y · High input costs remain a challenge, margins contract further · Elevated interest costs undercut weak EBIT, PAT down 55% y/y · H2’17 gives some hope, forecasts adjusted to reflect miss Strong revenue growth powered […]
