Culled—Proshare 28/7/2017/FBN Capital Research Event: UAC of Nigeria (UACN) reports Q2 2017 results Implications: Downward adjustments to consensus 2017E EPS forecast likely Positives: Sales grew 23% y/y to N23.5bn Negatives: PBT declined -63% y/y to N805m; PAT down -37% to N450m This afternoon, UAC of Nigeria […]
Results & Dividends
Nigerian Breweries Q2 2017 Results – PBT and PAT Grew By 58% & 43% YoY Respectively
Culled—Proshare July 28, 2017/FBNQuest Research Event: Nigerian Breweries reports Q2 2017 results Implications: Upward revisions to consensus FY 2017 PBT forecast likely Positives: PBT and PAT grew by 58% y/y and 43% y/y respectively Negatives: No obvious negatives Earlier this afternoon, Nigerian Breweries (NB) published […]
Total Nigeria Reports Q2 2017 Results as Cuts to consensus 2017E Estimates Expected
Culled—-Proshare July 28, 2017/FBNQuest Research Event: Total Nigeria (Total) reports Q2 2017 results Implications: Cuts to consensus 2017E estimates expected Positives: Q2 sales, PBT and PAT all declined, by -16% y/y, -66% y/y and -68% y/y respectively Negatives: No obvious positives This afternoon, Total Nigeria (Total) reported Q2 2017 results which […]
