12/7/2017/NSE 2016/17 financial year was remarkable for its overwhelming macroeconomic challenges for the Nigerian manufacturing industry, a fallout of some global political and economic developments leading to foreign exchange volatility, business uncertainties and a significant weakening of the Naira which impacted our business in a negative way. In spite of […]
Results & Dividends
Eterna shareholders approve 30 kobo dividend
11/7/2017/Daily Trust By Sunday Michael Ogwu Shareholders of Eterna PLC at its 24th Annual General Meeting (AGM) held in Lagos, approved the board’s proposal for the payment of 30 kobo per share amounting to N391 million for its financial year ended December 31, 2016. The former Secretary General of the […]
Flour Mills of Nigeria Plc – Abnormally Weak Q4 Slows Strong FY Earnings
Culled—-Proshare July 6, 2017/Vetiva Research · Impressive revenue run-rate persists, up 53% y/y · EBIT surges from ₦9 billion to ₦41 billion in FY’16/17 · Board of Directors recommend dividend of ₦1.00/share · Earnings estimates cut, TP revised lower, BUY rating maintained Strong y/y improvement in FY’16/17 earnings despite dismal […]
