April 18, 2017/InvestmentOne Research Unilever Nigeria Plc released its Q1 2017 today. Please find key highlights below: · Revenue of N22.17bn; up +11.4% q/q; +32.1% y/y · Profit before tax of N2.18bn down -16.2% q/q; up +53.6% y/y · Profit after tax of N1.60bn; up +6.1% q/q; +53.9% y/y Please […]
Results & Dividends
Presco Q4 2016 Results – Operating Expenses Up by 48% YoY
Culled—Proshare April 18, 2017/FBNQuest Research Event: Presco reports Q4 2016 results Implications: Neutral to slightly positive market reaction expected Positives: Q4 2016 sales up 57% Negatives: Operating expenses up 48% y/y; gross margin contraction of -1,873bps y/y to 61.4% Presco reported its Q4 2016 results this morning showing sales growth […]
Update: Ecobank Reports N52.6 Billion Loss after Tax in 2016 End
April 18, 2017/NSE Ecobank reports audited full year 2016 results – Gross earnings down 6% $2.6 billion (up 23% to NGN 665.0 billion) – Operating profit before impairment losses down 0.5% to $735.1 million (up 29% to NGN188.6 billion) – Loss before tax $131.3 million ( Loss in NGN 33.7 […]
