April 19, 2017/Cordros Research Click here to download full PDF Report Unilever Nigeria Plc’s (UNILEVER) Q1-17 result, released yesterday, outperformed on two fronts: (1) revenue grew by 32% y/y while (2) operating expenses fell by 14.1% y/y. Both came in well-ahead of our +9% y/y and +2% y/y estimates respectively. […]
Results & Dividends
Okomu Oil Q4 2016 Results Review – Healthy Fundamentals; Outlook Still Positive
Culled—Proshare April 18, 2017/FBNQuest Research ward revisions to estimates and price target Okomu Oil’s (Okomu) Q4 2016 results came in stronger than we expected. The variance versus our estimates was mainly to due to a positive surprise in sales. For the coming year, Okomu management has guided to palm oil […]
UNILEVER Declares N1.60 Billion PAT in Q1 2017
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 […]
