By InvestAdvocate Lagos (INVESTADVOCATE)-First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Thursday reported a loss after tax (LAT) of N24.08 billion for the nine-months period ended September 30, 2016 compared to a profit after tax (PAT) of N13.57 billion recorded a year ago. […]

Culled—Proshare October 28, 2016/FBNQuest Research Event: Nigerian Breweries reports Q3 2016 results Implications: Likely downward revisions to consensus 2016 PBT forecast Positives: Net interest expense declined by -23% y/y Negatives: PBT declined by -66% y/y driven by a gross margin contraction of -639bps y/y and a 9% y/y rise in […]

27/101/2016/Cordros Research UNILEVER released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) 25.9% y/y and 13.5% q/q revenue growth; (2) elevated cost pressure — which saw gross margin contract by 923bps y/y and 317bps q/q; (3) y/y and […]