May 3, 2017/Vetiva Research · Oil palm business revenue up 73% on strong CPO prices · Rubber revenue doubles on weaker naira, strong international prices · Q1’17 PAT up 92% y/y, significantly ahead of estimate · Strong CPO prices to keep earnings robust · Target Price revised to ₦68.69 (Previous: […]
Results & Dividends
Nestle Nigeria Plc Revenue Outperformance Drives Earnings Beat
May 3, 2017/Vetiva Research Q1’17 logs strongest quarterly revenue figure on record, up 69% y/y Earnings growth watered down by higher production costs Q1’17 PAT above estimate at ₦8.4 billion, up 25% y/y EPS, TP revised upwards on earnings outperformance Q1’17 earnings beat estimates on strong sales momentum Reporting the […]
Presco Plc – Impressive Start to FY’17, Ahead of Estimates
Culled—Proshare May 3, 2017/Vetiva Research Bullish line performances amidst strong product pricing EBIT beats estimate, up 167% y/y PBT almost triples even after excluding revaluation gains Improved plantation yield to drive FY’17 volume growth Valuation revised higher on improved earnings outlook Strong domestic palm oil prices lift earnings PRESCO’s Q1’17 […]
