April 24, 2017/NSE LAFARGE AFRICA released its Q1 2017 results today. Please find key highlights of the results below: ·         Revenue  of N81.7bn up by +55.1% y/y ·         PBT of N9.45bn  compared to  c.-N2.2bn Loss before tax in Q1 2016 ·         Profit after tax of N5.16bn, as against  c.-N1.87b Loss after […]

Culled—Proshare April 21, 2017/FBNQuest Research Event: Nigerian Breweries reports Q1 2017 results Implications: Upward revisions to consensus 2017 PBT forecast expected Positives: Sales and PBT grew by 18% y/y and 16% y/y respectively Negatives: Limited; gross margin shrunk by -364bps y/y to 44.4% Late yesterday Nigerian Breweries (NB) published its […]

April 21, 2017/Nigerian Breweries Plc The Board of Directors of Nigerian Breweries Plc has declared a profit after tax of N11. 44 billion for the first quarter of 2017. The unaudited and provisional results sent to The Nigerian Stock Exchange shows that the amount represents a 9 per cent increase […]