Culled—Proshare April 6, 2017/ARM Research Based on recently released FY 16 audited numbers, UAC of Nigeria Plc. (UACN) reported its first growth in operating profit in four years as the combined effect of higher prices and cost containment (OPEX and finance charges) masked sizable input cost pressures witnessed over the […]
Results & Dividends
Unilever Nigeria Plc: Upward Revision to Estimates; SELL Rating Retained
April 6, 2017/Cordros Research Click here to download PDF Report In this update note on Unilever Nigeria Plc (UNILEVER), we make adjustments for (1) finance charges, on potential savings from the refinancing of expensive local short term debts with cheaper USD loans, (2) continued impact on the top line and […]
UNITYBANK Says 2016 Pretax Profit Drops 22.5%
By InvestAdvocate Lagos (INVESTADVOCATE)-Mid tier lender, Unity Bank Plc said on Wednesday its pretax profit for the period ended December 31, 2016 dropped 22.5 percent to N1.82 billion from N2.34 billion posted a year ago. Also, profit after tax (PAT) of the mid-tier bank declined 53.4 percent to N2.18 billion […]
