Culled—Proshare July 31, 2017/ARM Sustaining the trend from the first quarter of the year, Lafarge recorded another strong topline growth in Q2 17 (+34% YoY to N74 billion) with its PAT of N14.6 billion (vs. N28 billion loss in Q2 16) exciting equity investors (company share price: +48% YTD at […]
Results & Dividends
Julius Berger Nigeria Plc: FX Improvement Lifts H1 Results
Culled—-Proshare July 31, 2017/Vetiva Research · Topline comes in 4% higher q/q · Operating margin contracts from 3.2% in Q1 to 0.6% in Q2 · Naira appreciation drives lower FX acquisition losses · TP revised to ₦24.79 (Previous: ₦25.92) Strong Q2 numbers lifted by deceleration in FX losses JBERGER reported […]
Flour Mills of Nigeria Reports Q1 2018 Results – Gross Margin Contracted to 11.6%
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%. […]
