April 21, 2017/InvestmentOne Research Nigerian Breweries Plc  released its Q1 2017  late yesterday. Please find key highlights below: ·         Revenue of N91.29bn; up +0.29% q/q;  +17.71% y/y ·         Profit before tax of N17.44bn  up +46.82% q/q; +16.20% y/y ·         Profit after tax of N11.45bn; up +37.85% q/q; +9.51% y/y Please […]

Culled—Proshare April 20, 2017/Vetiva Research FY’16 PAT surge on gains on revaluation of biological assets Normalized PAT up significantly amidst strong CPO prices Mature oil palm plantation at 15,356ha at year end (FY’15: 11,587ha) Board of Directors declares DPS of N1.50 Target price revised to N59.45 (previous: N53.49) Strong FY’16 […]

Culled—Proshare April 20, 2017/ Vetiva Research ·         FY’16 topline up 11% q/q as Home and Personal Care segment surprise ·         Cost savings from OPEX drive Q1’17 PAT outperformance ·         ₦63 billion rights issue on the cards following tough 2016 ·         Upward revision to estimates, target price – SELL rating maintained […]