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 […]
Results & Dividends
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 […]
Nigerian Breweries Plc Q2 2017 Results: Initial Impression
August 1, 2017/InvestmentOne Research Q2:2017 results highlight: Decent numbers helped by price hike § Mixed sales performance: down -1.72% q/q; +12.41% y/y § Mixed opex/sales ratio: expanded +100bps q/q; down -54bps y/y § PBT and PAT surged by +57% and +43% y/y respectively. Nigerian Breweries Plc (NB) on Friday published […]
