Culled—Proshare November 1, 2016/FBNQuest Research • PAT down 78% y/y – behind Vetiva and Consensus estimates • Loss posted in Q3’16 standalone • Worrisome signs ahead, Earnings revised lower • TP revised to N3.17 (Previous: N4.29) PAT sinks amidst weak top line growth DIAMONDBNK released 9M’16 results showing weaker quarterly […]
Results & Dividends
Flour Mills of Nigeria Reports Q2’17 Results; Sales Grows by 43% YoY
Culled—Proshare October 31, 2016/FBNQuest Research Event: Flour Mills of Nigeria (FMN) reports Q2 2017 (end-Sep) results Implications: Marked upward revisions to consensus 2017 underlying PBT forecast likely Positives: Sales grew by 43% y/y. FMN reported PBT of N2.9bn vs underlying pretax loss of –N810m in Q2 2016 Negatives: FMN’s reported […]
Okomu Oil Q3 2016 Results: PBT and PAT Advanced 188% yoy and 60% yoy Respectively
Culled—-Proshare October 31, 2016/FBNQuest Research Late this morning, Okomu Oil (Okomu) reported Q3 2016 results which showed sales growth of 22% y/y to N3.4bn. PBT and PAT advanced by wider margins of 188% y/y and 60% y/y to N1.2bn and N581m respectively. The strong sales growth was mainly responsible for […]
