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 […]

L-R: Tonu Elumelu, Chairman, United Bank for Africa Plc (UBA) and Kennedy Uzoka, Group Managing Director, UBA Culled: The Nation Posted By: Taofik Salako On: April 19, 2017 In: Business, Investors United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the stock market combines with […]

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. […]