27/2/2017/Punch Stanley Opara The Securities and Exchange Commission has said that over N30bn has so far been paid to investors in the Nigerian capital market from the backlog of unclaimed dividends. As a means to further reduce the unclaimed dividends profile and curb its growth in the country, the commission […]
Results & Dividends
Nigerian Breweries Plc|Q4-16 – First Glance: PAT -30% y/y; Record Low EPS in 2016FY
February 21, 2017/Cordros Research Click here to view full report Late yesterday, NB released Q4-2016 and final results for 2016FY. Not surprising, 2016FY EPS was at record low N3.58 (vs. our estimate of N3.35), as gross margin compression (528bps) and significant increase in finance costs more than offset single-digit revenue […]
Nigerian Breweries 2016 After-Tax Profit Down
By InvestAdvocate Click here to download PDF Report Lagos (INVESTADVOCATE)-Nigeria’s brewing giant, Nigerian Breweries Plc said on Monday its 2016 after-tax profit for the full year ended December 31 2016 declined 25.37 percent to N28.4 billion from N38.0 billion recorded a year earlier. Pretax profit for the review period also […]
