Culled—-Proshare July 31, 2017/FBN Capital Research Event: Flour Mills of Nigeria (FMN) reports Q1 2018 (end-June) results Implications: Likely upward revisions to consensus 2018 PBT forecast Positives: Sales and PBT grew by 25% y/y and 6% y/y respectively Negatives: Gross margin contracted by -124bp to 11.6%. […]
Results & Dividends
DANGCEM Plc – Q2 Performance Consolidates On Concrete FY’17 Start
Culled—Proshare July 31, 2017/Elixir Research DANGCEM today made public its H1’17 results, showing strong y/y revenue growth but weaker on q/q—similar trend was observed with Lafarge H1) while profitability improved significantly boosted by cost efficiency and cut in tax expense. We noticed that margins performed well on a y/y basis […]
Flour Mills of Nigeria Plc Q1 2018 Results (YE-March) : Key Highlights
July 31, 2017/InvestmentOne Research Flour Mill of Nigeria Plc released its Q12018 (YE-March) results earlier today. Please find key highlights of the Q1 2018 results below: · Revenue of N148.9bn: up +10.7% q/q; +25.0% y/y · Profit before tax of N6.2bn, advanced by +33691.9% q/q (on lower base effect of […]
