Culled—Proshare February 20, 2017/NSE We have carried out a preliminary review, subject to audit, of the Management Accounts of our company for the year ended 31st December, 2016 and expect to report materially lower earnings. This is mainly as a result of the recognition of losses on certain projects and […]
Results & Dividends
PZ Cussons Nigeria Plc: Less Optimistic Outlook Unchanged
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 […]
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, […]
