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 […]
Results & Dividends
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 […]
Dangote Cement Plc Q2 2017 Results: Initial Impression
August 1, 2017/InvestmentOne Research Q2:2017 results highlight: Higher pricing and Improved energy mix boosts performance § Mixed topline growth: down -1.8% q/q, up +34. 8% y/y § Resilient opex/sales ratio: down -100bps q/q; -520bps y/y § Improved PAT performance: up +4.1% q/q; +45.1% y/y On Friday, DANGCEM published its unaudited […]
