February 20, 2017/Cordros Research Click here for full report Following the loss after tax suffered at the beginning of the current financial year, PZ’s earnings got a reprieve in the second quarter (September-November 2016) after forex losses associated with COGS reduced significantly (-95% q/q). Besides, upward price adjustments positively impacted […]
Results & Dividends
Nigerian Breweries Plc: Softest EPS In Eight Years
Culled—Proshare February 16, 2017/ARM Research Yesterday, Heineken put out its FY 16 numbers which showed organic growth in revenue of 4.8% with proceeds per hectoliter up 2.2%. However, read-through over Africa highlights weak operating performance with specific mention of the adverse impact of naira weakness on results in Nigeria. Although, […]
FMDQ Set to List $1.0 Billion FGN Eurobond
February 14, 2017/FMDQ OTC Securities Exchange In consolidation of the strategic and value-adding initiatives spearheaded by FMDQ OTC Securities Exchange (“FMDQ” or “the OTC Exchange”) in developing the Nigerian financial markets, the OTC Exchange, in an unprecedented event in the history of the Nigerian debt capital market (DCM), is set […]
